Goldman Sachs: Fed Likely to Hold Rates Steady in January, but Will Cut Twice in the Remainder of 2026

Odaily Goldman Sachs Asset Management's Head of Multi-Sector Fixed Income, Lindsay Rosner, commented on the US non-farm payrolls: Goodbye, January! The Fed is likely to maintain the status quo for now, as the labor market has shown initial signs of stabilization. The improvement in the unemployment rate suggests that the significant rise in November was due to individual employees leaving early due to the "delayed departure" policy and data distortions, rather than a sign of systemic weakness. We expect the Fed to maintain its current policy stance for now, but anticipate two more rate cuts in the remainder of 2026. (Jin10)