The first investment bank to abandon the expectation of a Federal Reserve rate cut in December has emerged!
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Nomura Securities no longer expects the Federal Reserve to cut interest rates in December, becoming the first global brokerage to suggest a pause in the Fed's rate-cutting cycle. The brokerage anticipates that the Fed will cut rates by 25 basis points in March and June 2025, maintaining the federal funds rate at 4.125% before next year. Against the backdrop of economic growth and rising inflation, Nomura Securities believes the Fed will pause its tightening cycle. Other brokerages such as Goldman Sachs and JPMorgan Chase still expect a 25 basis point cut next month
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