GDPNow

The Atlanta Fed’s GDPNow forecasting model moved up on Thursday to indicate the economy growing at a 4.8 percent pace in the second quarter.

The GDPNow forecast has been climbing higher following the releases of good economic data. On May 25, the measure foresaw four percent GDP growth. This rose to 4.7 percent Thursday and ticked even higher on Friday following the better than expected jobs report for May.