Nomura Securities: Withdraws expectations for the Fed to cut interest rates again in December.

According to Mars Finance, on October 30, Nomura Securities canceled its expectation for the Fed to cut interest rates again in December. This decision came after the Fed announced its interest rate decision for October and Powell's press conference. Fed Chairman Powell stated at the press conference that a rate hike in December is “not a done deal.” This is entirely in line with Powell's current stage of expectations—he cannot commit to anything in advance, especially against the backdrop of a government shutdown that has lasted for a month and has severely impacted the release of economic data. Nomura Securities had previously predicted that the Fed would cut rates by 25 basis points again in December. Currently, the federal funds futures market expects the possibility of another rate cut before the end of the year to be about 72%, down from about 91% before the Fed's decision. (Jin10)