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Goldman Sachs expects Fed rate cut to record lows

Federal Reserve Chairman Jerome Powell

The Federal Reserve cut interest rates just last week.


(Photo: Reuters)

new York The economists of Goldman Sachs Group Inc. expect the Federal Reserve to cut rates to a record low in 2016 as the US economy stagnates due to the corona virus.

The Fed will cut rates by 50 basis points each time policy makers meet on March 17th and 18th and again on April 28th and 29th, Goldman Sachs chief economist Jan Hatzius wrote to customers on Monday .

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