Reported 2 days ago
The International Monetary Fund (IMF) has endorsed the Federal Reserve's recent interest rate cut, stating that it is appropriate given the current high levels of economic uncertainty in the U.S. IMF spokesperson Julie Kozack noted that while the labor market is cooling, inflation remains slightly above expectations but is trending down. The IMF also acknowledges the Bank of Japan's steady rate policy and calls for a cautious approach regarding cryptocurrency regulations, highlighting both risks and opportunities within the crypto space.
Source: YAHOO