Fed should hold rates: IMF

The International Monetary Fund said on Friday that the Federal Reserve should keep rates at 2%.

"Monetary policy settings are now broadly supportive of recovery and a risk-management approach would suggest that policy should be on hold," the Fund said.

The Fund said it anticipated "a lessening of inflationary pressures. However it also acknowledged that surging commodity prices had lifted headline inflation, and that bond markets and surveys signalled that expectations were edging up. "Vigil

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