IMF Backs Fed Rate Hold, Says US Economy Maintains Solid Growth
JH Kim
Summary
- The International Monetary Fund (IMF) said the US economy continues to post solid growth.
- The IMF said the US economy is on a stable growth path after first-quarter gross domestic product (GDP) growth was revised up to 2.1%.
- The IMF projected that inflation will reach the Fed’s 2% target in 2027 and backed the central bank’s decision to hold interest rates steady.
Forecast Trend Report by Period
The International Monetary Fund said the US economy continues to post solid growth and backed the Federal Reserve’s decision to keep interest rates unchanged.
Walter Bloomberg reported on June 25 that the IMF viewed the US economy as remaining on a stable growth path, citing an upward revision in first-quarter gross domestic product growth to 2.1%.
The IMF also projected that inflation will ease gradually and reach the Fed’s 2% target in 2027.
Given those economic conditions, the fund said the Fed’s current policy rate stance is appropriate.
JH Kim
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