Kristalina Georgieva, managing director of the International Monetary Fund spoke in a US media interview (CNBC).
- “We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction of bringing interest rates down,”
- “But again, don’t hurry until the data tells you you can do it.”
Where will USD/JPY be by the end of 2024 if the Fed doesn't cut until, say, December? Let me know in the comments!
