Nomura: Fed Expected to Pause Rate Cuts in December

Jinse Finance reported that 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 resilience in the job market. The firm pointed out that Federal Reserve Chairman Powell's unexpectedly hawkish tone at the October press conference reinforced the view of pausing rate cuts. It is expected that President Trump will criticize this decision, claiming that it prematurely restricts economic growth.