The U.S. economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014, letting President Donald Trump claim a win for his policies.
The annualized rate of gains in gross domestic product was just shy of the 4.2 percent median forecast in a Bloomberg survey. It followed first-quarter growth of 2.2 percent that was revised from 2 percent. Consumer spending grew 4 percent.
Trump seized the chance to declare his policies, including the biggest tax overhaul since the Reagan era, a success, calling the data “amazing” and “very sustainable.”
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