The GDP number arrived just before Christmas, wrapped like good news.
The U.S. economy grew at a 4.3% annual rate in the third quarter, blowing past economists’ expectations and delivering the kind of headline that signals strength heading into the new year. Consumers went on an unusually strong spending tear while corporations cinched $166 billion in capital gains. President Donald Trump and his team wasted no time celebrating, taking a victory lap over those dour economists who had warned of doom and gloom, declaring the “Trump economic golden age is FULL steam ahead.”
