US economy recovering, Fed should be cautious – IMF’s Zhu

FXStreet (Mumbai) - The International Monetary Fund’s (IMF) Deputy Managing Director Zhu Min was on the wires stating the Fed raise rates as the US economy is recovering.

Zhu further added the Fed should be cautious and the European Central Bank should continue easing. Earlier today, Zhu also said oil is unlikely to recover to $100/barrel anytime soon.