Nomura Analysts Fed Rate Cut In March ‘Likely’
Analysts at Nomura are among the first to predict an interest rate cut by the Federal Reserve after the collapse of Silicon Valley Bank sent shockwaves around world markets.
While the ructions led many to bet the Fed would hold rates steady on March 22, compared with expectations as of Friday for at least a quarter-point rate rise, Nomura has gone one step further.
Its analysts wrote: “In reaction to looming financial stability risks, we now expect the Fed to cut rates in 25 basis point increments in the March FOMC meeting in comparison to where we had previously expected a 50bp rate hike.
