Federal economists reported Friday the gross domestic product, a broad measure of the U.S. economy, slowed to an annualized rate of 2.6 percent from October to year’s end, breaking a two-quarter streak of growth at an above 3 percent pace.

The economy grew 2.3 percent in 2017, better than the year before, but far short of what Trump is promising. Officials had focused on 3 percent GDP growth as proof his economic policies were working, and Trump has said it could go far beyond that target.
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For now, however, the economy under Trump is performing much as it did under President Barack Obama. The U.S. economy grew 1.5 percent in 2016, 2.9 percent in 2015 and 2.6 percent in 2014. It has grown every year since 2009, when it contracted 2.8 percent in the aftermath of the financial crisis and burst housing bubble.

Unemployment is low and inflation appears fully in check, while wages continue to creep upward. And in 2017, the economy added 2.1 million jobs, compared with 2.2. million in 2016, federal economists reported earlier this month.