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….

NEW YORK—U.S. inflation could remain above the Federal Reserve’s targets for a long time based on current projections, and there is a risk of inflation expectations “de-anchoring,” International Monetary Fund First Deputy Managing Director Gita Gopinath said on Wednesday. Based on current projections of what the interest rate path may be, inflation will stay above…

WASHINGTON—The International Monetary Fund expects U.S. core inflation to peak in the first quarter, easing to 3.4 percent by the end of 2022 and dropping to the Federal Reserve’s average target of 2 percent in 2023, the IMF’s No 2. official told Reuters. First Deputy Managing Director Gita Gopinath said the Euro area would likely…