The headlines boast a good sized jump…..
Read the fine print….
Economists believe that a LOT of trade was accelerated to get ahead of Trump possible tariff’s….
Products been rushed to market to beat price increases ….
Economist believe the economy will start to slow due to the trade fee’s increase on consumer prices….
Trump is all happy about what seems be something he caused that will in the typical Trump fashion need to be put back together….
The U.S. economy grew 4.1% in the second quarter, the fastest growth since 2014. Economists surveyed by Bloomberg were expecting 4.2% growth.
Bottom line: The economy is booming (U.S. GDP growth last topped 4% in 2014), but growth is expected to slow later this year, Bloomberg reports, as benefits from the tax cuts fade and the Fed again raises interest rates.