IMF

The International Monetary Fund said Tuesday that it will “ensure” El Salvador does not increase its Bitcoin (CRYPTO: BTC) stockpile, which conflicts with the Central American nation’s state policy. What Happened: The IMF’s announcement came as part of its first...

Renowned economist Peter Schiff has issued a stark warning about the U.S. trade deficit, asserting that without the implementation of high tariffs, the only path to significantly reduce the deficit is through a major decline in the value of the U.S. dollar. What Happened: In a post on X, Schiff...

El Salvador’s economy minister reiterated the country’s resolve to hoard more Bitcoin (CRYPTO: BTC) Tuesday despite the International Monetary Fund’s requirement to reduce exposure to the leading cryptocurrency. What happened: During an interview with Bloomberg, Maria Luisa Hayem...

U.S. Treasury Secretary Scott Bessent called for a sweeping overhaul of the International Monetary Fund and World Bank, criticizing China's export-driven model and urging a global economic reset aligned with the Trump administration's redefined vision of the Washington Consensus. "We must make the...

The International Monetary Fund, or IMF, has expressed concern over escalating trade tensions sparked by new U.S. tariffs but emphasized that a global recession is not on the horizon. The organization acknowledged a sharp rise in economic uncertainty, particularly in relation to trade policy, yet...

El Salvador President Nayib Bukele reiterated his commitment to Bitcoin (CRYPTO: BTC) on Tuesday despite pressure from the International Monetary Fund to limit exposure to the apex cryptocurrency. What Happened: Bukele took to X to express his unwavering support for Bitcoin, saying "This all...

The U.S. economy is defying expectations, and the International Monetary Fund is taking notice. With strong consumer demand, supportive financial conditions, and a shifting policy landscape, the IMF now sees U.S. growth accelerating in 2025. Europe and China, meanwhile, struggle to gain momentum....

Gita Gopinath, Deputy Managing Director of the International Monetary Fund, expressed concern over the increasing energy consumption and carbon footprint of cryptocurrency mining and AI data centers, expected to worsen in the next few years. What Happened: In an X post on Sunday, Gopinath stated,...

With the presidential election just two weeks away, investor risk appetite is taking a pause, resulting in a broadly flat week for Wall Street. Election uncertainty continues to loom large among investors as concerns persist over fiscal policies and potential trade disruptions due to tariffs....

With less than two weeks until the U.S. presidential election, economic policy is once again a focal point, especially as concerns around tariffs and inflation resurface. Gita Gopinath, deputy managing director of the International Monetary Fund (IMF), issued a warning about economic risks...

The International Monetary Fund (IMF) painted a concerning picture for the United States’ fiscal outlook, with upward revisions to the budget deficit and mounting worries over the country’s national debt burden. In its latest October Fiscal Monitor, the IMF forecasts a deficit that...

A risk-off mood persists on Wall Street as the index futures point to a marginally lower start on Wednesday after the tech-led rebound witnessed in the previous session. Nvidia Corp. (NASDAQ:NVDA) fell in premarket, followed by Apple Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA). Chipmakers and...

Editor’s note: This story has been updated to remove draft notes that were erroneously included. The International Monetary Fund (IMF) delivered a mixed message on the U.S. economy in its latest World Economic Outlook report. While the Washington-based institution raised its forecast for U.S...

The International Monetary Fund (IMF) revised its projected economic growth for the U.S. in 2024, lowering it to 2.6%. What Happened: The revision is 0.1 percentage points below the agency’s April projection. The IMF cited a slower-than-expected start to the year and an anticipated cooling...

The International Monetary Fund (IMF) has raised a red flag on the potential of artificial intelligence (AI) to exacerbate inequality, urging governments to take measures to protect their economies. What Happened: The IMF expressed “profound concerns” about the possibility of...