US Inflation Has Not ‘Turned the Corner Yet’, IMF’s Gopinath Warns: Financial Times

US Inflation Has Not ‘Turned the Corner Yet’, IMF’s Gopinath Warns: Financial Times
Shoppers crowd a supermarket to buy food ahead of the Thanksgiving holiday in Chicago on Nov. 22, 2022. Jim Vondruska/Reuters
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Inflation in the United States has not “turned the corner yet” and it is too early for the Federal Reserve to declare victory in the fight on rising prices, a top IMF official said in an interview with the Financial Times on Thursday.

Gita Gopinath, a deputy managing director of the Fund, urged the U.S. central bank to press ahead with rate rises this year.