On September 11, the International Monetary Fund (IMF) issued an article stating that the Federal Reserve has room to begin gradually lowering interest rates, but should proceed with caution. There are some upside risks to US inflation, largely due to tariffs.

The US economy is showing some signs of strain, with domestic demand trending towards stabilization and job growth slowing. Downward revisions to US employment data have been larger than the historical average, and this will be discussed in talks with the US in November. (Golden Ten)