One of the highlights of President Trump's State Of The Union address was his review of the latest good economic news. He simply listed facts that can't be refuted about investment and unemployment.
Today, the economic good news continued.
The Atlanta Fed updated its rolling look at the U.S. economy, projecting that GDP would grow 5.4 percent in the first quarter.
If their forecast pans out, it would be the strongest quarter since the economic recovery began and would more than double the typical annualized growth during the period.
The previous highest was third quarter of 2014, which hit 5.2 percent.New data out today also shows that real consumer spending jumped from 3.1 percent to 4 percent amid a sharp savings drawdown.
The problem for President Trump is that more Americans credit former President Obama than him for the growth, a notion backed by some media outlets.