The United States Federal Reserve should begin lowering interest rates before the end of 2024. This is stated in the International Monetary Fund’s report on the US economy. DEA News.
The document notes that the US national debt will continue to rise and will exceed 140% of the country’s GDP by 2032. The IMF noted that rising public debt and high budget deficits pose a growing risk to both the US and global economies. The fund also stressed that it expects US inflation to return to its target value of 2% before the middle of next year.
Before this, the IMF US dollar continues There were losses in international reserves and they were replaced by currencies such as the Singapore and Australian dollars, yuan and South Korean won. According to the fund, holders of large reserves need to be careful with the dollar, for example, because the Central Bank of the Russian Federation freezes foreign assets.
Previously at IMF It has been recommended The US will reduce its massive budget deficit.