Goldman Sachs: Still expects the Federal Reserve to cut interest rates twice this year; the next rate cut will be in June

Goldman Sachs Asset Management Multi-Industry Fixed Income Investment Head Lindsay Rosner stated that, given that January’s CPI data was not as strong as feared, the Federal Reserve’s “normalization” rate-cut path appears clearer. This will depend on whether the labor market continues to show signs of improvement, as the FOMC is highly sensitive to a soft labor market. We still expect the Federal Reserve to cut rates twice this year, with the next cut expected in June.