Nomura adds October Fed cut forecast after widely expected policy easing

Sebastian Ujică

Nomura now expects the Federal Reserve to deliver 25-basis-point interest rate cuts at each of its remaining two meetings this year, following the U.S. central bank's widely anticipated quarter-point reduction and hints at continued policy easing. The Japanese brokerage had previously forecast a pause in October and a cut in December.The Fed, facing signs of U.S. labor market weakness and rising unemployment, cut interest rates for the first time since December on Wednesday, aligning in a

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