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IMF urges Fed to delay rate hike till H1 of next year

Rise in US dollar strength can reignite global financial imbalances, it warns

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The IMF said that US growth is expected to be considerably weaker than pre-crisis levels unless major structural reforms are carried out, and it also pointed that the housing recovery is not yet on a solid footing.

Tokyo

IN an unusually explicit policy suggestion, the International Monetary Fund (IMF) on Tuesday urged the US Federal Reserve to delay raising interest rates "until there are greater signs of wage or price inflation" in the US - probably in the first half of 2016.

In its annual

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