IMF urges Fed to delay rate hike until inflation evident

The International Monetary Fund said Thursday that the US Federal Reserve should delay raising interest rates until there are clear signs of a pickup in inflation. In a report on global economic issues prepared for the November 15-16 Group of 20 summit in Antalya, Turkey, the IMF singled out the prospect of higher US rates as a particular challenge to the slow-growing world economy. For the Fed, which could begin raising rates in December after holding the benchmark federal funds rate near zero