Goldman Sachs: The Federal Reserve is very likely to hold steady in January but will cut interest rates twice in the remaining time of 2026

On January 9, Lindsay Rosner, head of multi-sector fixed income investment at Goldman Sachs Asset Management, commented on the US non-farm payrolls: Goodbye, January! The Federal Reserve is currently very likely to maintain the status quo, as the labor market has shown initial signs of stabilization.
The improvement in the unemployment rate indicates that the sharp increase in November was due to individual employees leaving early because of "delayed resignation" policies and data distortions, rather than signs of systemic weakness. We expect the Federal Reserve to keep its policy stance unchanged for now, but anticipate two more rate cuts in the remaining time of 2026. (Jin10)