from Silver Phoenix 500:
THE International Monetary Fund cut its growth forecast for the United States yesterday and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to bide its time before raising interest rates.
In its annual health check of the American economy, the IMF also urged the US to boost the minimum wage, which is below most international standards, to fight poverty, which lingers above 15 percent.
The IMF forecast economic growth of 2 percent this year, below the 2.8 percent rate it predicted in April, due to a weak first quarter. It kept its 2015 forecast unchanged at 3 percent.
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