Watchlist Sponsored By :
|
CNBC'S MOST SHARED
- Bank of America Topples UBS as World Wealth Manager
- Plan to Sell General Motors' Assets Is Approved
- UBS Says It Stays Committed to US Brokerage
- China Launches Major Step to Yuan Internationalization
- UK Spy Chief's Wife Posts Life on Facebook
- Alcoa to Post Loss — What Does This Mean?
- A Goldman Trading Scandal?
- Nigeria Rebels Attack Oil Facility, Hijack Tanker
- China Says 140 Die in Rioting
- Go for Good Energy Companies: Bob Doll
- Yoshikami: A No Jobs Recovery Is Bad News
- Market 360: The Week's Best & Worst
- Fireworks At Pharma's Market
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- Michael Jackson: The Music And The Money
- Five Stock Picks for This Market
- Realities of the New Obama Refis
- Weak Dollar Means Gold at $1,040: Strategist
Goldman Sachs Doesn't Rule out Fed Rate Cut Today
Topics:Interest Rates | Inflation | Ben Bernanke | Employment | Consumers | Federal Reserve | Federal Budget (U.S.) | Economy (Global) | Economy (U.S.)
Companies:Goldman Sachs Group Inc
Text Size 
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 [GS
Loading...
()
] 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.
Goldman said the Fed would drop the benchmark federal funds target rate to 2 percent by late April, most likely in two 50 basis-point steps at the next two meetings.
"We cannot rule out an intermeeting rate cut today," the Monday note said.
Copyright 2009 Reuters. Click for restrictions.
Print
Email
MORE FROM CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes