neutral
Nomura brings forward next Fed cut on softer jobs and inflation
Nomura’s Global Economic Outlook argues weaker nonfarm payrolls and a cooler-than-feared CPI have put the Fed ‘back in play’ sooner than expected. Economists pull forward the timing of the next rate cut and see additional easing if disinflation persists. The note highlights labor rebalancing and slowing shelter inflation as key drivers. Risks include tariff-related pass-through and fiscal uncertainty affecting confidence and demand.
Tags:
- Nomura
- Fed outlook
neutral
Nomura brings forward next Fed cut on softer jobs and inflation
Nomura’s Global Economic Outlook argues weaker nonfarm payrolls and a cooler-than-feared CPI have put the Fed ‘back in play’ sooner than expected. Economists pull forward the timing of the next rate cut and see additional easing if disinflation persists. The note highlights labor rebalancing and slowing shelter inflation as key drivers. Risks include tariff-related pass-through and fiscal uncertainty affecting confidence and demand.
Tags:
- Nomura
- Fed outlook
1 min read
62 words
Nomura moves up its Fed cut timing on soft jobs and CPI, citing labor rebalancing and easing shelter inflation.
Nomura’s Global Economic Outlook argues weaker nonfarm payrolls and a cooler-than-feared CPI have put the Fed ‘back in play’ sooner than expected. Economists pull forward the timing of the next rate cut and see additional easing if disinflation persists. The note highlights labor rebalancing and slowing shelter inflation as key drivers. Risks include tariff-related pass-through and fiscal uncertainty affecting confidence and demand.
Nomura’s Global Economic Outlook argues weaker nonfarm payrolls and a cooler-than-feared CPI have put the Fed ‘back in play’ sooner than expected. Economists pull forward the timing of the next rate cut and see additional easing if disinflation persists. The note highlights labor rebalancing and slowing shelter inflation as key drivers. Risks include tariff-related pass-through and fiscal uncertainty affecting confidence and demand.
Tags:
- Nomura
- Fed outlook
- Nomura
- Fed outlook
- rate cuts
- CPI
- labor market