Nomura Predicts Fed to Keep Rates Steady Amid Job Market Resilience

Nomura Securities predicts the Federal Reserve will keep interest rates steady in December, despite a potential disruption from the recent U.S. government shutdown. While official data may be delayed due to the shutdown, indicators point to a robust job market. This prediction is bolstered by Chair Jerome Powell’s firm stance during October’s press conference, suggesting potential pause in rate cuts after two consecutive reductions.