'Growth momentum solid,' IMF says, backing Fed's wait-and-see approach

The U.S. economy is showing robust growth, with first-quarter GDP revised upwards to 2.1%. The International Monetary Fund anticipates inflation will hit the Federal Reserve's 2% target by late 2027. IMF spokesperson Julie Kozack praised the Fed's decision to hold interest rates, emphasizing the need for cautious, data-driven policy adjustments moving forward.