So is the People’s Bank moving to boost China’s economic growth rate in the week before a new leadership takes over on November 8? Yesterday, October 30, the People’s Bank of China injected a single-day record 395 billion renminbi ($63 billion) into the country’s money supply
Superstorm Sandy means investors will be flying almost blind when they attempt to navigate the economic currents in the United States for the fourth quarter.
The U.S. economy grew at a stronger than expected 2.0% annual rate in the third quarter, according to numbers released by the Commerce Department this morning. That growth rate is up from a 1.3% annual growth rate in the second quarter. Economists surveyed by Bloomberg were expecting 1.8% growth