Nomura Predicts Fed to Maintain Rates Amid Resilient Job Market

According to BlockBeats, Nomura Securities now anticipates that the Federal Reserve will keep interest rates unchanged in December. Despite the impact of the U.S. government shutdown on the release of official data, recent indicators suggest that the job market remains resilient. In a report to clients, Nomura highlighted that Federal Reserve Chair Jerome Powell's unexpectedly firm tone during the October press conference supports their view that the Fed might pause rate cuts after two consecutive reductions. This pause in rate cuts could reignite political pressure on the Federal Reserve, with U.S. President Donald Trump expected to criticize the decision, arguing that it prematurely restricts economic growth as the election year approaches.