US Economy Poised for Major Rebound in 2nd Quarter: Atlanta Fed

The May jobs report could confirm if the U.S. economy is holding steady amid widespread uncertainty.

People shop at a clothing store in Washington on May 29, 2024. Madalina Vasiliu/The Epoch Times

Following an import-driven contraction to start 2025, the U.S. GDP growth rate is poised for a significant rebound in the second quarter.

A June 2 update to the Atlanta Federal Reserve’s widely watched GDPNow Model suggests the U.S. economy will expand 4.6 percent in the April–June period. This is up from the May 30 estimate of 3.8 percent.