IMF’s Gopinath sees U.S. inflation peaking in Q1 -Reuters interview

FAN Editor
FILE PHOTO: IMF Chief Economist Gita Gopinath
FILE PHOTO: IMF Chief Economist Gita Gopinath speaks in her office in Washington, U.S., April 11, 2019. REUTERS/James Lawler Duggan/File Photo

January 25, 2022

WASHINGTON (Reuters) – The International Monetary Fund expects U.S. core inflation to peak in the first quarter, easing to 3.4% by the end of 2022 and dropping to the Federal Reserve’s average target of 2% in 2023, the IMF’s No 2. official told Reuters.

First Deputy Managing Director Gita Gopinath said the Euro area would likely see inflation rising for a couple of quarters, but getting close to the European Central Bank’s target of around 2% by the end of the year.

(Reporting by Andrea Shalal and David Lawder; Editing by Chris Reese)

Free America Network Articles

Leave a Reply

Next Post

Google cannot escape location privacy lawsuit in Arizona, judge rules

FILE PHOTO: The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration/File Photo January 25, 2022 By Paresh Dave (Reuters) – Allegations that Alphabet Inc’s Google deceived users with unclear smartphone location tracking settings should be weighed by a jury, an […]