0453 GMT - Nomura pushes back expectations for Federal Reserve rate cuts to September and December, citing renewed inflation risks from the Middle East conflict. Nomura's chief U.S. economist Jeremy Schwartz also points to the delayed confirmation for Fed Chair nominee Kevin Warsh for his revision of the rate cut timeline from his earlier projection of June and September. While price pressures are seen as temporary, the Fed may stay cautious in the near term. Still, policymakers retain an easing bias, with Nomura expecting a new Fed chair to prioritize easing significantly. "FOMC officials (including Chair Powell) maintain an easing bias and have shown asymmetric response to any sign of labor market weakness," he says. (jihye.lee@wsj.com)
(END) Dow Jones Newswires
March 30, 2026 00:53 ET (04:53 GMT)
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