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Nomura: The Federal Reserve is expected to pause interest rate cuts in December

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2025-11-12 07:39:52
Nomura expects the Federal Reserve to keep interest rates unchanged in December, despite the U.S. government shutdown affecting the release of official data, but recent indicators still point to a resilient job market. The bank noted that Federal Reserve Chairperson Jerome Powell's unexpectedly tough tone at his October press conference reinforced the idea of a pause in rate cuts, a decision that President Trump is expected to criticize as a premature restraint on economic growth.
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