The Federal Reserve Bank of Atlanta has sharply raised its estimate for U.S. economic growth in the second quarter, citing newly released data pointing to stronger-than-expected business investment and an upward revision to consumer spending.
According to the latest update of the Atlanta Fed’s GDPNow model, released on June 2, real gross domestic product (GDP) is now projected to grow at a seasonally adjusted annual rate of 4.6 percent in the second quarter of 2025. That’s up from an estimate of 3.8 percent made just three days earlier and marks one of the most optimistic growth projections this year.