Goldman Sachs: Still Expects Fed to Cut Rates Twice This Year, Next Cut in June

BlockBeats News, February 13, Lindsay Rosner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, stated that given the January CPI data was not as strong as feared, the Fed's "normalization" interest rate cut path seems clearer.

This will depend on whether the labor market continues to show signs of improvement, as the FOMC is highly sensitive to the weakness in the labor market. We still expect the Fed to cut interest rates twice this year, with the next rate cut taking place in June. (FXStreet)