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No Fed Rate Cut for December, Nomura Analysts Warn

Chair Jerome Powell seems to be trying to reset market expectations.

By Erik Sherman | November 20, 2024 at 06:01 AM

Nomura no longer expects the Federal Reserve to cut interest rates during its next meeting, December 17 and 18. It’s the first global brokerage to say that a pause is coming according to a Reuters report.

Many economists, analysts, investors, and others continue to expect a series of interest rate cuts from the central bank. After all, why not? Inflation has largely been coming down, there’s still strength in labor markets, and GDP continues to expand at a respectful pace.

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