Goldman Sachs Says Fed Will Cut Rate to 4.5 Percent in 2007

[crgarcia]

Unlikely.

Let's suppose that Golman Sachs has good information sources on the Fed. Why would they release this insider information to the general public, risking legal troubles and reducing their competitive edge?

What IS more likely is that the Fed will reduce the DISCOUNT rate 0.25%

 

[Ivanovich]

Quote from JCBLESS:

Goldman Sachs is one of the banks that owns Federal Reserve what they say does go.

I believe it.

Except for the fact that GS said there would be "multiple rate cuts in '07" back in March. Then they said "no rate cuts coming until '08" in June. Now it's back to rate cuts again.

Real reliable!

 

[piezoe]

Quote from crgarcia:

Unlikely.

Let's suppose that Golman Sachs has good information sources on the Fed. Why would they release this insider information to the general public, risking legal troubles and reducing their competitive edge?

What IS more likely is that the Fed will reduce the DISCOUNT rate 0.25%

Woudn't that take the rate to exactly what Goldman says? And look at the timing of the Goldman release, anything suspicious? Not worried about what gentle Ben might do to us, but Paulson scares me.