U.S. economy accelerated during first full Trump quarter
The U.S. economy gathered momentum during the first full quarter with President Trump in charge.
Posted — UpdatedThe U.S. economy gathered momentum during the first full quarter with President Trump in charge.
Economic growth accelerated to an annual rate of 2.6% from April through June, the government said Friday. That was about what economists had expected.
Second-quarter growth more than doubled the sluggish pace from the first three months of the year. First-quarter economic growth was revised down to 1.2%.
The economy gained steam in part because of stronger consumer spending, according to the Commerce Department. Increased federal government spending also helped.
Trump's campaign-trail promise of 4% growth remains elusive, though the United States is getting closer to the moderate goal of 3% that he has set since taking office.
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