Nomura: Expects the Federal Reserve to pause interest rate cuts in December

According to Jinshi News, Nomura Securities expects the Federal Reserve to keep interest rates unchanged in December. Although the U.S. government shutdown has affected the release of official data, recent indicators still show that the labor market is resilient. The firm pointed out that Federal Reserve Chairman Powell's unexpectedly strong tone at the October press conference reinforced the view of pausing interest rate cuts, and it is expected that President Trump will criticize this decision, claiming it is an premature restriction on economic growth.