Nomura switches sides to join the "No Rate Cut" camp: under the impact of inflation, the expected rate cut by the Federal Reserve in 2026 is completely defeated.

The Zhitong Finance APP noticed that Nomura Securities has also joined the ranks of more and more securities firms, and it is expected that the Federal Reserve will maintain stable interest rates in 2026. The reason is that inflation is sticky, and policymakers have doubts about whether they can consistently support interest rate cuts.