Goldman Sachs from Friday with a note saying they expect the COVID-19 outbreak to lead to a "short-lived global contraction" on the world economy
- Will force the Federal Reserve to cut interest rates
- to cut in March and through to June by a total of 75 bp
FOMC meet March 17-18
UPDATE - weekend update from GS … now looking for a full 1% cut not the 75bp
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GS expect the weakness ion the economy to stop short of a r3ecession, and look for a rebound in H2 2020
