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Nomura: Expects the Fed to pause interest rate cuts in December.
According to Huoxing Finance, Jin10 reported that Nomura Securities expects the Fed to maintain interest rates in December. Although the U.S. government shutdown has affected the release of official data, recent indicators still show that the labor market is resilient. The firm pointed out that Fed Chairman Powell's unexpectedly strong tone at the October press conference reinforced the view of pausing rate cuts, and it is expected that President Trump will criticize this decision, claiming it is an early restriction on economic rise.