Goldman Sachs: Expects Two Rate Cuts by the Fed This Year, with June Cut Approaching

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Lindsay Rosner, head of multi-sector fixed income investment at Goldman Sachs Asset Management, pointed out that the consumer price index (CPI) data for January did not meet market expectations, making the Fed's "normalization" rate cut path appear clearer. This process will depend on whether the labor market continues to improve, as the Federal Open Market Committee (FOMC) is very sensitive to the weak performance of the labor market. We still expect the Fed to implement two rate cuts this year, with the next cut anticipated in June. (Jin Shi)

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