Nomura forecasts Fed rate cut in face of stability risks

Kitco Media
By Reuters
Published:
Updated:
Reuters
SINGAPORE, March 14 (Reuters) - Japan's top brokerage Nomura forecast the Federal Reserve will cut interest rates next week and hit the brakes on quantitative tightening as policymakers assess financial stability risks in the wake of the Silicon Valley Bank collapse. Nomura analysts had previously forecast a 50 basis point rate hike for the Fed's March meeting and now see a 25 bp cut.
(Reporting by Tom Westbrook; Editing by Tom Hogue)

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