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Well, it’s the end of the second quarter and the Trump administration is talking like the economy roared to the finish line.

In fact, Trump economic adviser Larry Kudlow was crowing last week that the national deficit was coming down quickly because of the economic growth.

I hope so.

But just as Kudlow was speaking, the St. Louis Federal Reserve Bank and the Atlanta Fed’s GDPNow were lowering their estimates for second-quarter growth to 4.1 percent.

Consumer spending just wasn’t coming in where the government hoped, despite the tax cut that put more money into people’s pockets.

The Atlanta Fed is now predicting that the quarter that ended Saturday will show a 4.1 percent annual growth rate.

That’s a nice number but way down from where the Atlanta Fed was just a few weeks ago with its estimate.

Two things to remember: It’s only one quarter and combined with the first quarter growth of just 2 percent, it doesn’t mean the economy is growing quickly. And — this is important — we’ve had one-quarter economic spurts before only to see the economy fizzle.

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