The U.S. economy has seen solid growth momentum and inflation was expected to reach the Federal Reserve's 2% target by the end of 2027, the International Monetary Fund said on Thursday. IMF spokeswoman Julie Kozack told a regular news briefing that the Fed last week appropriately decided to hold its key policy interest rate, and welcomed the strong commitment of the new chair, Kevin Warsh, to delivering price stability. "Growth momentum in the U.S. economy has been solid," Kozack told reporters, citing Thursday's data, which revised first-quarter GDP growth to a 2.1% annualized rate, up from a 1.6% rate reported ... (full story)