{"id":41508,"date":"2023-07-28T06:28:26","date_gmt":"2023-07-28T10:28:26","guid":{"rendered":"https:\/\/ifintechworld.com\/banking\/this-is-why-you-shouldnt-get-too-excited-by-that-second-quarter-gdp-number\/"},"modified":"2023-07-28T06:28:28","modified_gmt":"2023-07-28T10:28:28","slug":"this-is-why-you-shouldnt-get-too-excited-by-that-second-quarter-gdp-number","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=41508","title":{"rendered":"This Is Why You Shouldn&#8217;t Get Too Excited By That Second Quarter GDP Number"},"content":{"rendered":"<div>\n<div class=\"article-body fs-article fs-premium fs-responsive-text current-article font-body color-body bg-base font-accent article-subtype__masthead\">\n<p><strong>That the economy grew<\/strong> at a slightly faster pace than expected in the second quarter doesn\u2019t justify celebrating with an extra round of summer margaritas. This episode of What\u2019s Ahead explains why.<\/p>\n<p><fbs-ad position=\"top\" progressive=\"\" ad-id=\"article-0-top\"><\/fbs-ad><\/p>\n<p>With its lack of understanding of inflation, the Federal Reserve remains a serious obstacle to growth.<\/p>\n<p>The Biden Administration and the far leftists that now dominate regulatory agencies remain maniacally committed to turning the U.S. into a European-style socialistic economy, in which innovation and growth are almost non-existent. And our economy still faces serious headwinds, such as rising consumer indebtedness.<\/p>\n<\/div>\n<div class=\"sigfile article-body fs-responsive-text font-body\"><span>Follow me on\u00a0<\/span><a rel=\"nofollow noopener\" class=\"color-link\" href=\"https:\/\/www.twitter.com\/steveforbesceo\" target=\"_blank\">Twitter<\/a>.\u00a0<span>Send me a secure\u00a0tip<\/span>.\u00a0<\/div>\n<div class=\"bottom-contrib-block\">\n<div class=\"fs-author-group-wrapper\">\n<div class=\"contrib-byline\"><\/div>\n<p><fbs-cordial type=\"Follow\" natural-id=\"blogAuthorId\/blog\/author\/576\" author-slug=\"steveforbes\" page-position=\"bottom\"><\/fbs-cordial><\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/steveforbes\/2023\/07\/28\/this-is-why-you-shouldnt-get-too-excited-by-that-second-quarter-gdp-number\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>That the economy grew at a slightly faster pace than expected in the second quarter doesn\u2019t justify celebrating with an extra round of summer margaritas. This episode of What\u2019s Ahead explains why. With its lack of understanding of inflation, the Federal Reserve remains a serious obstacle to growth. The Biden Administration and the far leftists [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[237],"tags":[83],"class_list":["post-41508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Is Why You Shouldn&#039;t Get Too Excited By That Second Quarter GDP Number | iFintechWorld<\/title>\n<meta name=\"description\" content=\"That the economy grew at a slightly faster pace than expected in the second quarter doesn\u2019t justify celebrating with an extra round of summer margaritas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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