IMF Chief forecasts lower inflation and rates ahead, advises everyone to cheer up

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IMF Chief forecasts lower inflation and rates ahead, advises everyone to cheer up

International Monetary Fund Managing Director Kristalina Georgieva spoke in an interview with CNN on Tuesday, forecasting lower inflation ahead:

• "People should be feeling good about the economy because they finally would see relief in terms of prices,"

Praised FOMC rate hikes:

• "While that has been painful, especially for small businesses, it has brought the desired impact without pushing the economy into recession"

Advises you lot to cheer up:

• "My message to everyone is, you have a job and interest rates are going to moderate this year because inflation is going down. Cheer up. It is a new year, people"

Her outlook for the US economy:

• "definitely" headed for a soft landing
• the Federal Reserve's "decisiveness" in taming inflation despite some pain from higher interest rates "has brought the desired impact without pushing the economy into recession,"

If I recall, the rollover to the new year saw US public debt heading up over $34 trillion. Awesome.

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: IMF Chief forecasts lower inflation and rates ahead, advises everyone to cheer up

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