Lindsay Rosner, head of multi-industry fixed income investment at Goldman Sachs Asset Management, said that here and now, steady labor market data has provided the Federal Reserve with room for patience. However, as the forward-looking outlook worsens, today's data feels a bit retrospective, and there is still a risk that a weak economy could cause the Federal Reserve to resume an easing cycle later this year.

Lindsay Rosner, head of multi-industry fixed income investment at Goldman Sachs Asset Management, said that here and now, steady labor market data has provided the Federal Reserve with room for patience. However, as the forward-looking outlook worsens, today's data feels a bit retrospective, and there is still a risk that a weak economy could cause the Federal Reserve to resume an easing cycle later this year.