US Economy Showing Strains, With Job Growth Slowing: IMF

Domestic demand moderating as US tariffs pose risks of higher inflation

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WASHINGTON - The US economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund (IMF) said on Sept 11.

IMF spokeswoman Julie Kozack said inflation was on a path to meet the Federal Reserve's 2 per cent 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 US 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 US and job growth is slowing."