The U.S. economy grew at a solid annualized rate of 3% in the second quarter of 2024, according to the latest estimates released by the government. This growth rate, confirmed in the final estimate, aligns with previous expectations and highlights a robust economic rebound following the pandemic. Additionally, the annual update indicates that post-pandemic economic growth has been revised higher, with corporate profits also reflecting improved performance. The GDP growth outlook for the third quarter, however, has been slightly adjusted downward to an estimated 2.9% by the Atlanta Federal Reserve's GDPNow model. Overall, the steady economic growth coupled with higher corporate profits presents a positive outlook for the U.S. economy.