The ECB has all but announced a December cut, with Paramo saying a move is “not improbable”.
A New York consulting firm says the Fed will cut intermeeting. With market rates near zero, it is hard to imagine what earthly good it will do, but why not.
On a lighter note, the speculation surrounding Citigroup has intensified. One rumored combination is with Goldman Sachs. The new entity would be known as Sachs in the Citi….
