US economic growth hits fastest rate since 2014; At 4.1% growth rate

[Daft Dud]

https://www.bbc.co.uk/news/business-44979607

[elix]

4% isn't good enough to counteract the deficit he's created. He promised 6%, which is unprecedented.

But growth is good, as long as the economy doesn't overheat or slump.

"In one line: Looks great; won't last," wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics.
...
The report also showed that inflation, which has been lacklustre in recent years, rose by 2% according to the Fed's preferred measure, which is tied to consumer spending, except on food and energy.
That is the second quarter in a row the measure, known as core PCE, has hit or exceeded the Fed's 2% target, and is likely to keep the central bank on track with its plans to raise interest rates gradually.

Watch for rising interest rates to cool things down a little and watch for Trump to try and interfere with the Fed monetary policy to reduce interest rates, which never goes well.

[Mr Skeltal]

Hopefully it isn't a bubble

[JennyC6]

IT's probably a bubble. Hold onto your butts, this one's gonna be a doozy.

[Alec W]

Obama broke 4% GDP four times.

[Hail Satan]

The president has a big lever in his office that says economy good and Trump in his infinite wisdom decided to flick it in the on position.

[dark_vivec]

growth is not good when only the rich see it and when the entire basis of that growth is predicated on neo-slavery of third world workers

[Raidyr]

Excerpt from Politico's take.
“Trade and inventories together are contributing around 2.2 percent to headline GDP — nearly half of the growth we are estimating,” Morgan Stanley analysts wrote in a note to clients this week. “We find evidencethat the hefty contributions from these two categories is likely a reflection of stockpiling ahead of the implementation of trade tariffs, and so they are likely to subtract from growth in the following quarters.”