The brokerage now expects the Fed to deliver only two 25-basis-point rate reductions at its March and June meetings in 2025
The U.S. Federal Reserve is no longer expected to cut interest rates at its December policy meeting, Nomura has said, making it the first global brokerage to signal a pause in the central bank’s rate-cutting cycle in the wake of Donald Trump’s election win.
Other global brokerages, including Goldman Sachs and J.P.Morgan, anticipate a 25-bp cut from the central bank next month. Wall Street is trying to reconcile what it sees as further inflationary pressures in the coming year as the President-elect pushes for tax cuts, higher tariffs and a crackdown on immigration.
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