T. Rowe Price Growth Stock
Does a 1.5% Rise in Economic Growth Merit a Rate Hike in the US?
US economic growth slowed to a 1.5% pace in 3Q15, according to the advance estimate by the Bureau of Economic Analysis. This was sharply down from the 3.9% pace set in 2Q15.
September 2015 FOMC Minutes Highlighted Economic Growth
The US economy rose by 3.9% in 2Q15, according to the third estimate by the Bureau of Economic Analysis on September 25.
Importance of Spending on US GDP and Related Mutual Funds
Nearly 68% of the US GDP is composed of PCE or consumer spending. The negative value of net exports shows that the United States imports more than it exports, and this eats into the total economic output.
Analysis of the T. Rowe Price Growth Stock Fund (PRGFX)
The T. Rowe Price Growth Stock Fund (PRGFX) had returns of -5.72% for August 2015. Returns for the three-month period ended August 31 were -2.2%, and returns for one year were 8.51%.