• Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Iran’s Trade with BRICS Surging – Foreign Minister

June 6, 2023

India Boasts World’s Fifth-largest Stock Market – Bloomberg

June 6, 2023

Russia Planning Major High-speed Rail Expansion

June 6, 2023
Facebook Twitter Instagram
Trending
  • Iran’s Trade with BRICS Surging – Foreign Minister
  • India Boasts World’s Fifth-largest Stock Market – Bloomberg
  • Russia Planning Major High-speed Rail Expansion
  • Russia Reacts to Indonesian Peace Plan
  • Cop-Tasered 95-Year-Old Dies After Nursing Home Incident
  • Zelensky’s Penthouse Seized In Crimea
  • Meta Initiates Final Round Of Mass Layoffs
  • DeSantis Twitter Disaster: Bungled Campaign Announcement Riddled With Glitches
Thursday, June 8
Facebook Twitter Instagram
RT NewsRT News
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
RT NewsRT News
Home » IMF Issues Call on US Inflation
Lifestyle

IMF Issues Call on US Inflation

adminBy adminJanuary 6, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email

IMF Issues Call on US Inflation

By RT News

The Federal Reserve should continue its efforts to lower prices, deputy head Gita Gopinath told FT.

Inflation in the US has not subsided sufficiently enough to abandon last year’s restrictive monetary policy, Gita Gopinath, the deputy head of the International Monetary Fund (IMF), has told the Financial Times.

According to Gopinath, it is “important” for the US Federal Reserve, which acts as the country’s central bank, to “stay the course” in efforts to lower prices until there was a “very definite, durable decline in inflation” across the sectors not related to either food or energy.

“If you see the indicators in the labor market and if you look at very sticky components of inflation like services inflation, I think it’s clear that we haven’t turned the corner yet on inflation,” she told the news outlet, adding that there is also a “very narrow path” for the country to avoid a recession in the coming months.

Gopinath’s comments come as US inflation figures have started to subside in the past couple of months, leading analysts to suggest the price surge may have passed its peak. Prices in the country rose by 7.1% year-on-year in November, for instance, compared with 7.7% in October, according to the US Labor Department.

On December 14, in its most recent attempt to rein in inflation, the Fed hiked the key interest rate by 50 basis points – up to 4.25-4.5%. According to Gopinath, the regulator may need to raise the rate to about 5% and keep it there throughout the year in order to avoid further price increases.

“It’s another challenging year for monetary policy, but it’s a different kind of challenge. The last year was about quickly tightening monetary policy and how far to go. Now for lots of countries, the question is how long to stay on hold,” she noted.

Gopinath also warned that Europe may take longer than the US to battle rising prices, saying that “we are looking well into 2024 before we start seeing inflation coming closer to the ECB’s [2%] target.”

Original source: https://www.rt.com/business/569429-us-inflation-opinion-imf/

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
admin
  • Website

Related Posts

Meta Initiates Final Round Of Mass Layoffs

May 26, 2023

DeSantis Twitter Disaster: Bungled Campaign Announcement Riddled With Glitches

May 26, 2023

Billionaire Buys Epstein’s Islands

May 5, 2023

Moon Mission Makes ‘Hard Landing’

April 27, 2023

Elon Musk’s Starship Explodes on Test Flight

April 21, 2023

Sweden’s Housing Crisis Deepens – Bloomberg

April 6, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

Iran’s Trade with BRICS Surging – Foreign Minister

By adminJune 6, 2023

Iran’s Trade with BRICS Surging – Foreign Minister By RT News Tehran is looking to…

India Boasts World’s Fifth-largest Stock Market – Bloomberg

June 6, 2023

Russia Planning Major High-speed Rail Expansion

June 6, 2023

Russia Reacts to Indonesian Peace Plan

June 6, 2023
Our Picks

Iran’s Trade with BRICS Surging – Foreign Minister

June 6, 2023

India Boasts World’s Fifth-largest Stock Market – Bloomberg

June 6, 2023

Russia Planning Major High-speed Rail Expansion

June 6, 2023

Russia Reacts to Indonesian Peace Plan

June 6, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Nuclear Family: How Ukraine Helped North Korea Develop the World’s Deadliest Weapons

July 2, 2022

Russia Announces $14.5bn Domestic Airline Boost

June 30, 2022

Ukrainian Mayor Blames Shopping Mall Management For Deaths

June 30, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
© 2023 Russia-Ukraine.

Type above and press Enter to search. Press Esc to cancel.