A woman shops with her daughter at a Walmart Supercenter in Rogers, Arkansas June 6, 2013. The annual shareholders meeting for Walmart takes place on June 7. REUTERS/Rick Wilking

NEW YORK (Reuters) - The U.S. economy is expected to grow at a 3.8 percent annualized pace in the second quarter based on a report that showed an increase in personal spending in April, the Atlanta Federal Reserve’s GDP Now forecast model showed on Tuesday.

The latest second-quarter gross domestic product estimate was faster than the 3.7 percent clip calculated on May 26, the Atlanta Fed said.