According to Reuters, in an interview with CNBC on Thursday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated that she does not believe there is a banking crisis in the United States but acknowledged that there are vulnerabilities.
Gerogieva stated that the slowing of the US economy will force the Federal Reserve to rebalance its policy. In terms of the inflation outlook, she stated that inflation is declining, but not quickly enough.
Georgieva of the IMF reaction on Market
Following these remarks, the US Dollar Index remained in negative territory, losing 0.5% at around 101.00.
