US GDP falls short after Trumps first 100 days

As President elect Trump comes up to his first 100 days in office the US released GDP data showing lacklustre growth figures for the first quarter of 2017. GDP grew at just 0.7% in Q1 2017, this growth figure is the slowest three month growth figure since 2014. Growth figures were dragged down by a falloff in consumer spending on big ticket items such as cars and televisions. Positive growth areas came from international exports, business and housing investment. This slowdown in growth will give both the White House and the Fed plenty to think about when it comes to recent tax reform proposals and the next date of a proposed interest rate hike.