State Street Global is sticking to expectations that the Federal Reserve will cut interest rates as early as June, although a series of strong economic data has prompted most traders to postpone the expected rate cuts until later this year. Lori Heinel, chief investment officer of State Street Global in Boston, said the company still believes that the Federal Reserve will begin implementing monetary policy relaxation long before the November US presidential election to avoid suspicions affecting the election. She said that given the long lag in policy and the low quality of recent data, the inflation background still supports this action. State Street Global manages $3.6 trillion in assets. “We still think it's possible to cut interest rates for the first time in June,” Heinel said. “We acknowledge that recent data puts this forecast at risk, but the overall inflation situation supports interest rate cuts.”