3% GDP growth!!

I find this hard to believe, but this was unexpected!

The Commerce Department said U.S. gross domestic product—the value of all goods and services produced across the economy—rose at a seasonally and inflation adjusted 3.0% annual rate in the second quarter.

The reading exceeded the 2.3% growth that economists surveyed by The Wall Street Journal expected.

President Trump welcomed the 3% reading and called for the Federal Reserve to lower interest rates in a post on Truth Social. “No Inflation! Let people buy, and refinance, their homes!” he said.

Although the U.S. economy returned to growth in the second quarter, there are soft spots beneath the positive headline number, which was boosted by a big drop in imports. Consumer spending—the engine of the U.S. economy —strengthened, while business investment weakened.

This is good for Trump and the GOP. The idea that we are in a recession or heading towards one dropped off the cliff. While the powers to be keep projecting more doom and gloom, the reality seems to be hitting right back in the nose.