IMF Flags Strains in U.S. Economy as Demand and Job Growth Ease
The U.S. economy is beginning to show signs of pressure after years of resilience, according to the International Monetary Fund (IMF). In a statement on Thursday, the IMF noted that domestic demand is moderating and job growth is slowing.
IMF spokeswoman Julie Kozack said inflation remains on track to reach the Federal Reserve’s 2% target, but warned of potential risks that could drive prices higher. One key factor is the wave of tariffs on imports imposed by the Trump administration, which could increase costs for U.S. consumers and businesses.
Kozack also highlighted that a recent downward revision in U.S. employment data was “somewhat larger” than the historical norm. She added that IMF staff would review these figures closely with U.S. officials during the upcoming economic assessment scheduled for November.
