IMF report on the US economy
- Cuts 2015 GDP to 2.5% from 3.1%
- Cuts 2016 GDP to 3.0% from 3.1%
- Sees q4/Q4 PCE inflation at 0.7% 2015, 1.5% 2016
- Sees unemployment rate at 5.3% 2015, 5.2% 2016
- Says rate hikes should be deferred until there are greater signs of wage or price inflation
- Sees pockets of financial stability risks, regulatory reforms remain incomplete
- Says USD is moderately overvalued and weighing on growth, job creation and inflation
- Public finances remain on an unsustainable path
No doubt the US will take this with a big dose of "bothered"
I'm not sure if Lagarde will be popping up somewhere to comment on the report