U.S. economic growth dipped from its 2017 pace in the first quarter of 2018, expanding by 2.3% in the Commerce Department’s initial estimate released on Friday. But the report’s internal numbers are stronger than the top line and show that better economic policies are driving business investment.
Growth slowed less than most forecasters expected and beat the first quarters of 2016 (0.6%) and 2017 (1.2%). First quarter GDP has been an anomaly in recent years, showing sharply lower figures than the rest of the year. The Bureau...