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Trump Economy Explodes – 3.2% GDP First Quarter

Trump Economy Explodes - 3.2% GDP First Quarter
Image by Gage Skidmore

The gross domestic product (GDP) of the U.S. economy grew at 3.2% in the first quarter. The consensus estimates was 2.0% with lots of talk of recession and the end of the tax cut ‘sugar high’.

The Core Personal Consumption Expeditures QoQ for Q1 came in at 1.3% vs 1.6% estimate.

The Personal Consumption Expenditures Prices QoQ Q1 came in a 0.6% vs 1.3% estimate.

UPDATE…

The Michigan Consumer Sentiment Index for April also beat expectations at 97.2 vs 97.0. estimates.

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