State of U.S. Economy Concerns IMF

State of U.S. Economy Concerns IMF

Late last week, it was revealed that the International Monetary Fund (IMF) had serious concerns regarding the U.S. economy and the “over-appreciation” of the dollar. The IMF’s Managing Director, Christine Lagarde, spoke of a lack of “tangible signs of wage or price inflation” and “pockets of vulnerability” within the economy itself. In a surprising move, Ms. Lagarde even recommended to the Federal Reserve that they delay interest rate rises until 2016.

With the recent news that the U.S. economy actually shrank by 0.7% in the first quarter of 2015, she also reported that the IMF considered the U.S. dollar to be overvalued. Ms. Lagarde warned that “continued over-appreciation is a potential risk.”

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