Salient to Investors:
The IMF said the Fed exit from QE could cause excessive interest-rate volatility which would have adverse global implications. The IMF maintained its US growth forecast for 2013 at 1.7 percent, saying housing and labor markets are improving, and its 2014 growth forecast of 2.7 percent, but said that fiscal deficit reduction in 2013 is excessively rapid and sequestration could lower medium-term growth. The IMF said a long period of extremely low interest rates could have unintended consequences for financial stability and complicates macro-policy in some emerging markets.
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