Market news
02.01.2024, 23:16

IMF’s Georgieava: Fed is definitely achieving a soft landing

In an interview with CNN on Tuesday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that Americans should "cheer up" about the US economy as inflation falls further in 2024 despite a solid labour market and moderating interest rates, per Reuters.

Key quotes

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

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

"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.” 

"So we are all better off to find ways to reduce frictions, to concentrate on security concerns that are real and meaningful, and not go willy-nilly in fragmenting the world economy. We would end up with a smaller pie.”

Market reaction 

As of writing, the US Dollar Index was down 0.01% to trade at 102.22 on the day.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location