Goldman Sachs still expects the Fed to cut rates twice this year, with the next cut in June.

Lindsay Rosner, head of multi-sector fixed income at Goldman Sachs Asset Management, said that given the January CPI data wasn't as strong as feared, the Fed's "normalization" rate-cutting path seems clearer. This will depend on whether the job 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 rates twice this year, with the next cut in June. (Jinshi)