Kristalina Georgieva, managing director of the Worldwide Financial Fund spoke in a US media interview (CNBC).
- “We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction of bringing interest rates down,”
- “But again, don’t hurry until the data tells you you can do it.”
The place will USD/JPY be by the top of 2024 if the Fed would not reduce till, say, December? Let me know within the feedback!
This text was written by Eamonn Sheridan at www.forexlive.com.
