Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC, United States on...
Category: Economy
Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’
One of the International Monetary Fund's top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty.The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 2025."When we do the risk assessment...
Surging inflation fears sent markets tumbling and Fed officials scrambling
A sign advertising units for rent is displayed outside of a Manhattan building on April 11, 2024 in New York City.Spencer Platt | Getty ImagesThe early data is in for the path of inflation during the first three months of 2024, and the news so far is, well, not good.Pick...
Key Fed inflation gauge rose 2.8% annually in February, as expected
Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer.The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis...
Former Fed Vice Chair Clarida sees possibility of fewer rate cuts than expected this year
Stubbornly high inflation could push the Federal Reserve into a more cautious stance this year regarding interest rate cuts, the central bank's former vice chair said Friday.Richard Clarida, who served as Fed governor until January 2022 and is now a global economic advisor at asset management giant Pimco, said his...