WASHINGTON, July 7 (Reuters) – The International Monetary Fund on Wednesday said further fiscal support in the United States could fuel inflationary pressures and warned that the risk of a sustained rise in prices could require raising interest rates earlier-than-expected.

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14:45

Elliott signs new Reds deal

Harvey Elliott looks like he may get a shot at competing for a place in Liverpool’s attack this season as the 18-year-old has signed a new five-year deal at Anfield.

With Ronald Koeman’s side unable to register any new signings, such as Sergio Aguero and Gini Wijnaldum, to their squad until their salary bill is reduced, Depay has reportedly seen his wages slashed by 30 per cent.

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The IMF said the global economic outlook remained uncertain given questions about the evolution of the pandemic and progress on vaccinations, as well as the possibility that the pickup in inflation would prove “more persistent” than expected.

08:58

Giroud set to leave Chelsea

First of all, let’s talk about the future of Olivier Giroud. The striker signed a new one-year deal with Champions League winners Chelsea earlier this summer but that doesn’t seem enough to keep him at Stamford Bridge.

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