Reported 1 day ago
Nomura forecasts a 25 basis point interest rate cut by the U.S. Federal Reserve in September, attributed to slowing inflation and early signs of labor market weakness. The Consumer Price Index showed a 0.2% increase in July, aligning with economic expectations, while Nomura anticipates additional cuts later in the year, though a significant 50-bp reduction is deemed unlikely. Market data indicates a strong consensus for a reduction in rates, with many major brokerages supporting this outlook.
Source: YAHOO