US Economy Showing Strains; Tariffs Pose Risks to Inflation: IMF

The US economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday.

- ANDREA SHALAL

IMF spokesperson Julie Kozack said inflation was on a path to meet the Federal Reserve's 2% target, but there were some risks that could push it higher, largely as a result of tariffs imposed on imports by the Trump administration.

"What we've seen over the past few years is that the U.S. economy has proven to be quite resilient. We do see now that some strains are beginning to show," she told a regular briefing. "Domestic demand has been moderating in the U.S., and job growth is slowing."