Business & MarketsEconomy

Atlanta Fed Boosts 2nd-Quarter GDP Growth Estimate to 4.6 Percent

The sharp upward revision follows signs of economic momentum despite headwinds from high interest rates and trade tensions.
Save
Atlanta Fed Boosts 2nd-Quarter GDP Growth Estimate to 4.6 Percent
A worker helps build a support column using steel rebar during the building of a condo tower in Miami on Feb. 10, 2025. Joe Raedle/Getty Images
Tom Ozimek
Updated:
0:00

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.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
twitter