Atlanta Fed's GDPNow revised up to 1.7% for Q2 growth

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The Atlanta Fed's GDPNow model now estimates Q2 GDP growth at 1.7%, up from its prior estimate of 1.4%, it said Thursday. The number is not a forecast but serves as a running estimate that becomes more complete as new data

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The Atlanta Federal Reserve's GDPNow model forecasts a 1.7% Q2 GDP growth rate, higher than the previous estimate of 1.4%. This is a real-time estimate that will be updated with new data. It is likely to have a positive impact on US economic growth, and investors may increase their expectations for the US stock market.

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