Washington - Agencies:
The Managing Director of the International Monetary Fund, Kristalina Georgieva, said that "the Fund expects global growth to stabilize and inflation to continue to decline when it issues its World Economic Outlook report on January 17."
Georgieva added that "the US economy is doing much better than expected, despite growing uncertainty about the trade policies of the administration of President-elect Donald Trump, which increases the difficulties facing the global economy and pushes long-term interest rates higher."
She indicated that with inflation approaching the target set by the Federal Reserve (the US central bank) and data showing a stable labor market, the US central bank may wait for more data before making any interest rate cuts.
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