Nomura Securities has cancelled its forecast for another Federal Reserve rate cut in December, following the Fed's October interest rate decision and Chairman Powell's press conference. Powell stated at the press conference that a December rate hike is "not a done deal." This aligns perfectly with expectations at this stage—he is unlikely to commit to anything prematurely, especially given the month-long government shutdown and its significant impact on economic data releases. Nomura had previously predicted a 25-basis-point rate cut in December. Currently, the federal funds futures market anticipates a 72% probability of another rate cut before the end of the year, lower than the approximately 91% probability before the Fed's decision. (Jinshi)