Coming in Hot: GDP Growth Better Than Expected - Grows 3% in Second Quarter

Despite analyst predictions about tariffs damaging U.S. economic growth, it came in hotter than expected in the second quarter at a healthy 3%. 

According to CNBC: 

GDP jumped 3% for the April through June period, according to figures adjusted for seasonality and inflation.

That topped the Dow Jones estimate for 2.3% and helped reverse a decline of 0.5% for the first quarter that came largely due to a huge drop in imports, which subtract from the total, as well as weak consumer spending amid tariff concerns.

Trump responded to the GDP report with a fresh demand for the Federal Reserve to lower interest rates.: “2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! ‘Too Late’ MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!”

Once again the experts were dead wrong - what will they get wrong next?