Uh, oh…Trump isn’t going to like this

The New York Times reports the U.S. economy did not enjoy a rip-roaring first quarter to 2017.

The economy barely grew, expanding at an annual rate of only 0.7 percent.

• The growth was a sharp decline from the 2.1 percent annual rate recorded in the final quarter of last year. It was the weakest quarterly showing in three years.

• Consumption, the component reflecting individual spending, rose by only 0.3 percent, well below the 3.5 percent rate in the previous quarter.

The Takeaway

The first-quarter performance upset expectations for a Trump bump at the start of 2017.

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