IMF sees interest rate cuts by year's end and "soft landing" for global economy

After recent years of economic gloom driven by the pandemic and geopolitical flareups, the International Monetary Fund is now predicting a soft economic landing for much of the world. The IMF has flagged a faster easing of inflation and is even warning warned central banks shouldn't wait too long before cutting interest rates - suggesting rate cuts should begin in the second half of the year.