Reported about 2 months ago
IMF's economic counselor Pierre-Olivier Gourinchas stated that the upcoming U.S. Federal Reserve rate cuts align with IMF recommendations aimed at controlling inflation, which he acknowledged is improving. Despite risks shifting towards the labor market and ongoing inflation in service sectors, he emphasized that the job market is cooling and does not signal an imminent recession, supporting the Fed's adjustment of policies as economic conditions evolve.
Source: YAHOO