Goldman's Top Trader: They'll Go 50 Today

Goldman Sachs global head of trading, Josh Schiffrin, held a webcast last night ahead of today's big decision by The Fed.

Most notably, his view that The Fed will cut 50bps today diverges from Goldman Sachs lead economist Jan Hatzius who expects 25bps. Hatzius is not alone among his peers - of the 114 economists polled by Bloomberg, only 9 expect a 50bps rate cut, the vast majority, or 105, see the Fed cutting "only" 25bps.