Central bank signals likely to raise rates in March; stocks slide into negative territory after Powell remarks
In a blog published Monday, the IMF said it expected robust US growth to continue, with inflation likely to moderate later in the year.
Global shares posted their longest winning streak in three months on Monday, aided by hopes US interest rates would stay low for longer and talk of more stimulus in Japan and China
Federal Reserve Chair Jerome Powell reaffirmed the US central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly
Central bank keeps key overnight lending rate remains at 1.50%-1.75%; chief says policy appropriate and not on preset course.
With an unemployment rate of just 4.1 per cent and a weakening dollar, investors' expected rate of inflation is increasing