Fed should delay rate hike until H1 2016 says IMF

FXStreet (Córdoba) - International Monetary Fund is looking for the Fed to not hike rates until the first half of 2016 and has reduced their 2015 US growth outlook.

In its annual assessment of US economy, known as an Article IV report, the IMF downgrades its GDP growth forecast for 2015 from 3.1% to 2.5%, amid significant uncertainties as to the future resilience of economic growth. IMF also cut its forecast for 2016, from 3.1% to 3%.

It is unusual for the IMF to be so explicit and specific about countries’ policies.