US inflation hasn't 'turned the corner yet' so the Fed should stick with interest-rate hikes, a top IMF official says

Jan 5 2023 by Business Insider

 
The IMF's second-in-command Gita Gopinath.

ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

US inflation still hasn't "turned the corner yet" despite a recent cooling, a top IMF official said. That means the Federal Reserve should stick with its interest-rate hikes, Gita Gopinath told the FT. Her comments come after Fed minutes released Wednesday signaled rates could stay higher for longer.

Inflation is still a problem for the US economy despite recent signs of cooling, and that means the...

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