Nomura Securities: The Fed is expected to cut interest rates only twice, in March and June next year, by 25 basis points each time

Odaily News Nomura Securities no longer expects the Federal Reserve to cut interest rates at its December policy meeting. This makes it the first global brokerage to hint at a Fed rate-cutting cycle after Trump won the election. Nomura Securities now expects the Fed to cut interest rates only twice more, by 25 basis points each, at its March and June 2025 meetings. Nomura Securities believes that with continued economic growth and inflation likely to rise further, policymakers have recently made hawkish remarks, further indicating that the Fed is not in a hurry to cut interest rates, so the Fed will pause its tightening cycle next month. (Jinshi)