Nomura: Federal Reserve's rate cut expectation delayed until September due to rising inflation risks

Golden Finance reported on March 30 that Nomura Securities has postponed the Federal Reserve’s interest rate cut expectations to September and December, citing new inflation risks triggered by the Middle East conflict. Nomura’s Chief U.S. Economist Jeremy Schwartz pointed out that the delay in the confirmation process for Federal Reserve Chair nominee Kevin Walsh is also a reason for his adjustment of the rate cut timeline. Although price pressures are viewed as temporary, the Federal Reserve may remain cautious in the short term, with policymakers still maintaining a preference for easing. (Jin Shi)