(file photo/Getty Images)
While the Federal Reserve is poised to announce an end to its third round of quantitative easing (QE3) later this month, some financial industry participants already are urging the central bank to consider QE4, given global economic weakness and turbulence in financial markets. Mohamed El-Erian, former CEO of Pimco, doesn't think too highly of the idea. "It is so predictable yet also so unfortunate," he writes in The Financial Times. [Full Story]
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Gross domestic product rose 7.3 percent in the July- September period from a year earlier, the statistics bureau said in Beijing. While that exceeded the 7.2 percent median estimate in a Bloomberg News survey of analysts, it was also the slowest expansion since the first quarter of 2009. [Full Story]
Billionaire Paul Tudor Jones, one of the most successful hedge-fund managers, said U.S. stocks will outperform other equity markets for the rest of the year. [Full Story]
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