BUSINESS

Goldman Sachs: Fed May Cut Rate Today

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.