IMF out with annual US economic review
- raises US economic growth forecast in 2019 to 2.6% from 2.3%
- deepening of ongoing trade disputes or abrupt reversal of recent everyone's financial conditions pose material risks to US economy
- says it is especially important trade tensions between US and China are quickly resolved
- medium-term risks to financial stability are rising
- abrupt reversal of financial accommodation could 8 US economy
- Fed should defer further interest rate hikes until there are greater signs of wager price inflation
- Fed should consider publishing quarterly report was central economic scenario endorsed by Federal open market committee
- Inflation remains very subdued
- Sees 2% growth in 2020
The IMF will have a press briefing on the results of their report shortly. You can watch it HERE.
