FXStreet (Mumbai) - The International Monetary Fund (IMF) for the first time has said that the conditions necessary for the much awaited Fed lift-off in the US are ‘nearly in place’. The IMF expressed confidence that the Fed would enable ‘smooth absorption’ of rising rates, but warned that risks are shifting to emerging markets as liftoff nears, adding further that several emerging economies are at a risk of a downgrade. The IMF also sees a ‘heightened’ probability of a global asset-market disruption. ECB policies are taking hold and credit conditions in the Eurozone are easing, said the IMF. For more information, read our latest forex news.