(Bloomberg) -- The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months. Most Read from BloombergGermany’s Days as an Industrial Superpower Are Coming to an EndTop Nigerian Banker Killed in California Helicopter CrashNATO Joins White House in Rejecting Trump’s Remarks on AllianceTrump Says War in Ukraine Must End Even as US Aid AdvancesThe core consumer price
JERUSALEM (Reuters) -Bank of Israel Governor Amir Yaron said on Sunday the country's economy was strong and would recover from the impact of the war, but called on the government to address issues raised by Moody's after the agency downgraded Israel's sovereign credit rating. To boost confidence of markets and ratings companies in Israel, it was key for "the government and the Knesset act to address the economic issues raised in the report," Yaron said. Yaron, since the Palestinian Islamist group Hamas' Oct. 7 massacre of mostly civilians in Israel, has urged the government to maintain fiscal discipline and trim spending on items not related to Israel's reprisals against the group in Gaza.
DUBAI (Reuters) -The International Monetary Fund said on Sunday Middle East economies were lagging below growth projections due to oil production cuts and the Israel-Gaza conflict, even as the global economic outlook remained resilient. Despite uncertainties, "the global economy has been surprisingly resilient," IMF managing director Kristalina Georgieva told the Arab Fiscal Forum in Dubai, while warning of a potential wider impact on regional economies of continued conflict in Gaza. In a regional economic report last month, the IMF revised its GDP growth forecast for the Middle East and North Africa down to 2.9% this year, lagging below October projections, due in part to short term oil production cuts and the conflict in Gaza.
