TechFlow News, March 30: Nomura Securities has pushed back its expectations for Federal Reserve rate cuts to September and December, citing new inflation risks arising from the Middle East conflict. Jeremy Schwartz, Nomura’s Chief U.S. Economist, also noted that the delayed confirmation process for Kevin Warsh—the nominee for Fed Chair—is another reason he revised his earlier forecast of rate cuts in June and September. Although price pressures are viewed as temporary, the Fed may remain cautious in the near term. Nonetheless, policymakers continue to favor an accommodative stance, and Nomura expects the new Fed Chair to prioritize significantly easing policy. He stated: “FOMC officials maintain their accommodative preference and exhibit an asymmetric response to any signs of weakening in the labor market.” (Jinshi)
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