The New York Fed has raised its second quarter GDP growth forecast to 2.42%

The latest real-time GDP forecast value for the second quarter released by the New York Fed has risen to 2.42%, slightly higher than last week's 2.34%. This good news has provided a favorable environment for major stock ETFs to regain lost ground. The forecast model has been revised upwards due to positive trade data, but it is still below the peak of 2.72% in April. This upward revision indicates that despite mixed signals in other areas, the US economy continues to maintain growth momentum. Analysts say that the improvement in the US GDP outlook combined with the rebound in US stocks suggests that investors are increasingly confident in a soft landing for the economy, which may continue to support stock market gains.