off-the-wire

Nomura expects Fed to cut interest rates by 100 bps in 2024

Kitco Media
By Reuters
Published:
Updated:
Reuters

Jan 26 (Reuters) - Nomura on Friday forecast the U.S. Federal Reserve delivering a 100-basis-point interest rate cut in 2024 and reducing the pace of balance-sheet rundown in June, followed by an end to quantitative tightening in December.

"We expect Friday's PCE (personal consumption expenditures) report to show the 3m and 6m annualized pace of core PCE running below the Fed's 2.0% target," Nomura analysts said in a note.

Reporting by Reshma Rockie George in Bengaluru

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