Goldman Sachs: Robust non-farm payroll data provides the Federal Reserve with room for patience

On May 2, Lindsay Rosner, head of multi-sector fixed income investments at Goldman Sachs Asset Management, said that solid labor market data provides the Federal Reserve with room for patience here and now. However, with the forward-looking outlook deteriorating and today's data feeling a bit retrospective, the risk remains that economic weakness could lead the Federal Reserve to resume its easing cycle later this year.