PANews reported on February 13th that 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 Federal Reserve'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.