In this article, we will look at the 12 Oversold Growth Stocks to Buy According to Analysts.On September 27, Wharton professor emeritus and WisdomTree senior economist Jeremy Siegel joined CNBC for an interview to discuss the latest PCE report and what the data reveal about the market. He sees the latest economic data as positive for the stock market. The inflation report was in line with expectations, with no upside surprises and year-over-year inflation at 2.9%. Although the inflation is still above the F ...

An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gross domestic product—the nation's output of goods and services—rebounded in the spring from a 0.6% first-quarter drop caused by fallout from President Donald Trump's trade wars, the Commerce Department said Thursday. The department had previously estimated second-quarter growth at 3.3%, and forec ...

Following the pullback seen over the two previous sessions, stocks saw further downside during trading on Thursday. The major averages continued to give back ground after ending Monday's trading at new record closing highs.The major averages ended the day well off their lows of the session but still firmly negative. The Nasdaq slid 113.16 points or 0.5 percent to 22,384.70, the S&P 500 declined 33.25 points or 0.5 percent to 6,604.72 and the Dow fell 173.96 points or 0.4 percent to 45,947.32.The continued ...

All of those things would seem to suggest that this is an economy in trouble. Not so according to the economic data released in the last hour. It showed the US economy growing at the fastest pace in nearly two years, thanks to consumer spending, though apparently not on used cars.Fed Governor Stephen Myron spoke to Bloomberg ahead of that data on the next steps for the Fed. My view is not one of enormous economic pessimism. You know, I don't think the economy is about to crater. I don't think the labor mark ...

JUST IN: 🇺🇸 US revises Q2 GDP growth up to 3.8% from 3.3%. https://t.co/1gTX3JMJDz ...

The view from the rooftop pool of the Marina Bay Sands resort hotel, which overlooks the financial district skyline of Singapore.Singapore's core inflation — which strips out prices of private transport and accommodation — posted its softest rise since February 2021, coming in at 0.3% for August as services inflation softened.This was lower than the 0.4% expected by economists polled by Reuters, and lower than the 0.5% seen in the month before.Headline inflation in Singapore came in at 0.5%, down from the 0 ...

The Fed just kicked off its first rate cut of the year, a quarter point, and hinted at two more rate cuts to come in 2025. That would bring rates down to between 3.5% to 3.75% by year end. The dot plot, which maps out where policy makers expect interest rates to head in the future, show that nearly all FOMC officials anticipated some sort of easing with just one official seeing no change.Most expect three rate cuts, some forecast two, and one even anticipate six cuts. So, lots of dispersion among the commit ...

Group 1 - The stock market is reaching record highs, while the bond market anticipates a quicker return to neutral interest rates, with stable inflation expectations [2][4] - Productivity growth is a significant factor driving market optimism, with business capital expenditures (capex) increasing nearly 10% at an annual rate since January [4][3] - The AI boom is contributing positively to GDP growth, with strong spending on information processing equipment and software, outpacing consumer spending in the first half of the year [4][5] Group 2 - There is criticism of the Federal Reserve's growth estimates, which are perceived as overly pessimistic at around 1.8%, suggesting a disconnect with current productivity trends [6][7][22] - The potential for GDP growth to reach 4% is highlighted, with calls for the Fed to acknowledge and adjust their projections accordingly [9][10] - The Fed's internal divisions are noted, with differing opinions on interest rate cuts and overall economic outlook, indicating a lack of consensus among members [19][20][18] Group 3 - The housing market is showing signs of weakness, with a decline in housing permits and contracting construction employment, raising questions about the sustainability of GDP growth [14][15] - The market's reaction to Federal Reserve communications suggests uncertainty, with homebuilder stocks initially rallying but then selling off, reflecting mixed investor sentiment [16][17] - The ongoing debate about the Fed's independence and the influence of political appointments on its policies is emphasized, with suggestions for reforming the tenure of Fed governors to allow for more alignment with elected officials' policies [21][26][22]

Economic Overview - The Federal Open Market Committee (FOMC) has decided to lower the policy interest rate by a quarter percentage point due to rising downside risks to employment and elevated inflation levels [2][10] - GDP growth has moderated, with a rise of approximately 1.5% in the first half of the year, down from 2.5% the previous year, primarily due to a slowdown in consumer spending [3][4] - Business investment in equipment and intangibles has increased, while the housing sector remains weak [4] Labor Market Insights - The unemployment rate increased to 4.3% in August, with payroll job gains slowing to an average of 29,000 per month over the past three months [5][6] - Labor demand has softened, and the recent pace of job creation is below the break-even rate needed to maintain the unemployment rate [6][7] - Wage growth continues to moderate but still outpaces inflation, indicating unusual market conditions in both labor supply and demand [6] Inflation Trends - Total Personal Consumption Expenditures (PCE) prices rose by 2.7% over the 12 months ending in August, with core PCE prices increasing by 2.9% [8] - Near-term inflation expectations have risen due to tariffs, although longer-term expectations remain aligned with the 2% inflation goal [9] - The median projection for total PCE inflation is 3.0% for this year, decreasing to 2.6% in 2026 and 2.1% in 2027 [9] Monetary Policy Direction - The FOMC aims to balance its dual mandate of maximum employment and stable prices, adjusting the federal funds rate target range to 4% to 4.25% [10][15] - The appropriate level of the federal funds rate is projected to be 3.6% at the end of this year, lower than previous projections [15] - The committee remains committed to supporting maximum employment and achieving a sustainable inflation rate of 2% [16]

Key Takeaways from the Conference Call Industry Overview - The report focuses on the **China Economics** sector, specifically analyzing the **3Q GDP** performance and its implications for the broader economy [1][4]. Core Insights and Arguments - **GDP Growth Rate**: The 3Q GDP is projected to slow to **4.5% YoY**, a decrease from **5.2% YoY** in 2Q, indicating a broader economic slowdown [2][9]. - **Infrastructure Investment Decline**: A significant contributor to the GDP slowdown is the decline in **infrastructure capital expenditure (capex)**, attributed to a high base of government bond funding and tighter local government liquidity [2][9]. - **Retail Sales Performance**: Retail sales growth has dropped to a **9-month low of 3.4% YoY**, influenced by slow disbursement and reduced effectiveness of trade-in subsidies [2][9]. - **Industrial Production**: Industrial production growth has moderated, with key sectors like manufacturing and infrastructure showing negative growth rates [5][9]. - **Stimulus Expectations**: There is an expectation for a **Rmb0.5-1 trillion** stimulus package aimed at infrastructure and consumption support, which is anticipated to cushion growth in the short term [3][9]. Additional Important Points - **Structural Reforms**: The report emphasizes that sustained economic reflation will depend on structural reforms to rebalance the economy, with particular attention to the upcoming **4th Plenary Session** for potential signals of such reforms [3][9]. - **Debt Management**: The report notes that **92%** of this year's **Rmb2 trillion** debt swap quota has been utilized, indicating a potential strain on local government finances [2][9]. - **Sector-Specific Trends**: The property sector continues to struggle, with new starts down **18.3% YoY**, reflecting ongoing challenges in the real estate market [5][9]. This summary encapsulates the critical insights from the conference call, highlighting the economic challenges and potential policy responses in the context of China's current economic landscape.