📈 U.S. Nonfinancial Corporate Profits Skyrocket 92% Post-Pandemic, Hitting $2.7 Trillion in Q2 2024

From 2012 to 2019, corporate profits grew by a modest 18% (CAGR of 2.4%). However, between 2019 and Q2 2024, profits surged by 92% (CAGR of 14.0%). Over this period, the average annual inflation rate rose to 4.2%, up from 1.5% during the earlier timeframe.