The U.S. economy grew at an annualized pace of 2.6% in the second quarter, according to data released by the U.S. Bureau of Economic Analysis on Thursday. This is slower than the originally estimated 2.9% growth, while economists were also expecting an increase of 2.9%. In the first quarter, the U.S. economy expanded at a 5.6% rate.5.6% is a rate that cannot be maintained - even if the Fed wasn't busy slowing things down. And I won't be worried about the 2.6 percent, because the 2nd quarter saw some very high energy costs. People decided not to do things based on the increased cost of doing or buying just about anything.
So get a grip people. The sky is not falling.