Nomura Securities: Withdraws expectations for the Fed to cut interest rates again in December.According to Mars Finance, on October 30, Nomura Securities canceled its expectation of a rate cut by the Fed in December, a decision made after the Fed announced its October interest rate decision and Powell's press conference. Fed Chairman Powell stated at the press conference that a rate hike in December is "not a done deal." This is entirely in line with Powell's current stage of expectations — he cannot commit to anything in advance, especially against the backdrop of a government shutdown that has lasted a month and severely affected the release of economic data. Nomura Securities had previously predicted that the Fed would cut rates again by 25 basis points in December. From the current situation, the federal funds futures market expects the likelihood of another rate cut before the end of the year to be about 72%, down from about 91% before the Fed's decision. ( Jin10 )
MarsBitNews·35m ago