Goldman Sachs: Still expects the Federal Reserve to cut interest rates twice this year, with the next rate cut in June.

Lindsay Rosner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, stated that, given that the January CPI data was not as strong as feared, the Federal Reserve's path to "normalizing" interest rates seems clearer. This will depend on whether the labor market continues to show signs of improvement, as the FOMC is highly sensitive to weakness in the labor market. We still expect the Fed to cut interest rates twice this year, with the next rate cut likely to take place in June.