Global economic activity will expand 3.2% this year, the financial institution said.
The two nations are looking for an alternative to the high borrowing rates EM nations face in the market.
The euro zone is slowing as natural gas prices soar.
Global economic expansion will likely slow to 3.2% this year, the IMF said.
It would mark his first major policy step on trade ties between the world's two biggest economic powers.
The International Monetary Fund expressed confidence the Fed will get inflation in check.
A steeper-than-anticipated policy tightening may now again be required to return inflation to target.
Commerce Secretary Gina Raimondo argued inflation is being driven by short-term supply chain issues.
The Biden administration continues to believe the uptick in prices is temporary, she said.
Low mortgage rates and demand for properties in the suburbs have fueled the U.S. housing market for more than a year.
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