On Thursday, the Commerce Department revised economic numbers for the second quarter of 2025 (April through June) to show even stronger growth.
CNBC was "shocked":
More from CNN Business:
GDP was revised higher largely due to new additional data on consumer spending. Personal consumption expenditures rose at an annualized pace of 2.5% in the second quarter, according to the third estimate, up sharply from the second estimate's 1.6%.
The big difference between the first estimate and the third one is 'certainly notable and outside the norm,' Bret Kenwell, US investment analyst at investing platform eToro, told CNN.
The Federal Reserve Bank of Atlanta predicts growth to stay strong, with a 3.3% forecast for the third quarter of 2025.
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