IMF Rate Hike Suggestion Proves Hike Not Needed

Briefs in a Brief

Washington, D.C. ( – In what analysts are calling “a definitive sign” that Fed rate hikes have indeed quelled the U.S. economy and are no longer necessary, the International Monetary Fund this week advised the Fed that rate hikes have not yet quelled the U.S. economy and are still necessary. Commenting on the advice, Piper Jaffray banking analyst Sonil Jeng said: “Anyone familiar with the IMF’s fiscal track record will find this joke wildly amusing. Even now, several seconds after the punch line has been delivered, I expect economists the world over are calling each other about it, then attempting to reverse the charges.”

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