Nomura: The Federal Reserve's interest rate cut expectations have been postponed to September due to rising inflation risks

According to Jinshi News, Nomura Securities has postponed the Federal Reserve's interest rate cut expectations to September and December, citing new inflation risks arising from 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 revision of the interest rate cut timetable. Although price pressures are viewed as transitory, the Federal Reserve may remain cautious in the short term, with policymakers still maintaining a preference for easing.