Goldman Sachs: Fed May Cut Rate Today
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Fed Rate Cut, Federal Reserve, Goldman Sachs Fed, Job Losses, Rate Cut, Surprise Rate Cut,
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An emergency interest rate cut from the Federal Reserve is possible ahead of its March 18th policy meeting, according to a Goldman Sachs research note on Monday.
Goldman said its view on Fed policy changed on Friday.
The government reported on Friday that a second straight month of job losses and the Fed announced new steps to inject liquidity into the financial system as credit availability remains tight.
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Read NYT's Paul Krugman on the Federal Reserve's recent history with rate cuts.
Reuters Via CN | March 10, 2008 09:46 AM