President Trump got his triumphant 4% economic growth moment today, and he threw together a surprise speech to celebrate on the White House's south lawn.
The big picture: This is the best quarterly growth since 2014. Trump claims we're on track for 3% this year, and previously promised rates that are even higher (and rather unlikely). Former president Barack Obama enjoyed four quarters of 4%, but his highest year topped out at 2.9%.
The good from the report:
And the not-so-good:
Reality checks... MarketWatch's Steve Goldstein rated multiple Trump claims today. Three of note:
The bottom line: "The economy’s annualized growth of 4.1% in the second quarter is unlikely to be repeated soon," the WSJ's Greg Ip notes.
Go deeper: Why stocks went down when the GDP went up
President Trump giving surprise remarks on the economy this morning after the economic data was released. Photo: Alex Wong/Getty Images
Illustration: Axios visuals
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