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

The International Monetary Fund is predicting a "soft landing" for the global economy as inflation slows faster than expected. Chief economist Pierre-Olivier Gourinchas warns central banks shouldn't wait too long before cutting interest rates to ease pressure on households reeling from aggressive rate hikes. Reporter: Peter Ryan, Senior Business Correspondent Featured: Pierre-Olivier Gourinchas, IMF chief economist