On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need to keep the federal funds rate higher “for longer” than anticipated.
IMF Calls for Extended High Interest Rates to Tackle Lingering Inflation Threat
The IMF is concerned about persistent inflation, and during a press briefing, IMF spokesperson Julie Kozack emphasized the need for the Fed and several central banks worldwide to maintain their current course of monetary tightening policy. The Fed is scheduled to meet on June 14, 2023, in less than a week.
However, market observers and financial experts anticipate that the Fed will pause its rate hikes during this meeting. According to CME’s Fedwatch tool, there is a greater than 74% probability that the rate will remain unchanged. Inflation in the United States has moderated to some exten
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