The autopilot economy continues growing. This week, the BEA released the second estimate for second quarter GDP, which showed solid, broad-based growth. Personal consumption expenditures also rose. Consumer confidence hit a 17-uyear high and new home sales rose to their highest level since the recession.
The BEA released their latest estimate of 3Q GDP, which had a 2.3% Y/Y headline number percentage change. The following table shows that gains were broad: