More Rate Cuts Could Be Necessary from the Fed, Says IMF

The International Monetary Fund said in a World Economic Outlook report that more rate cuts could be necessary from the U.S. Federal Reserve. The IMF revised down growth expectations for the U.S. in 2008 to 0.5% from 1.5% forecast in January. For 2009, U.S. growth is expected at 0.6%. "The effects of ...