Get ready for some exciting economic news! The Atlanta Federal Reserve Bank just significantly boosted its forecast for second-quarter US GDP growth, jumping from a respectable 3.8 percent to a remarkable 4.6 percent.

This dramatic upward revision, announced on June 2nd, is largely thanks to newly released data painting a picture of surprisingly robust business investment and a stronger-than-anticipated surge in consumer spending. The Atlanta Fed’s GDPNow model, a real-time GDP tracking tool, is behind this optimistic projection. This marks one of the most bullish growth predictions we’ve seen this year.

The boost stems from fresh figures courtesy of the Census Bureau and the Institute for Supply Management (ISM). These reports provided a more positive outlook on two key economic drivers: consumer spending and private-sector investment. While the improvements were modest individually, their combined effect on the GDPNow model was substantial, resulting in this impressive upward revision.

This news paints a vibrant picture of the US economy’s current health and suggests a strong start to the second quarter of 2025. Stay tuned for further updates as the economic landscape continues to evolve.