TechFlow news, October 30 — According to Jinshi Data, Nomura Securities has canceled its expectation of another Fed rate cut in December, a decision made after the Federal Reserve released its October interest rate decision and Chair Powell's press conference. During the press conference, Fed Chair Powell stated that a December rate hike is "not on a preset course." This fully aligns with Powell’s expected messaging at this stage—he cannot commit to any specific action in advance, especially given the ongoing one-month government shutdown that has severely impacted economic data releases. Previously, Nomura had forecasted a 25-basis-point rate cut by the Fed in December. Currently, federal funds futures markets imply about a 72% probability of another rate cut by year-end, down from approximately 91% before the Fed’s latest decision.
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