Nomura Raises Fed Rate-Hike Forecasts, Citing Oil Prices and Inflation
The Japanese bank, previously seen as a dovish outlier on Federal Reserve policy, has added more rate hikes to its projections, though it still expects fewer increases than markets are currently pricing in.
Nomura has revised its forecasts for Federal Reserve interest rate hikes upward, according to a report by CNBC, citing elevated oil prices and persistent inflation as the primary drivers behind the change.
The Japanese financial services firm had previously been regarded as a dovish outlier among major banks in its projections for Fed monetary policy, according to CNBC. The bank's decision to add more anticipated rate hikes to its forecasts marks a shift in its outlook.
Despite the revision, Nomura's updated forecast still calls for fewer rate hikes than what financial markets are currently pricing in, CNBC reported.
The report did not specify the exact number of hikes Nomura now anticipates or provide a detailed timeline for the adjusted forecast. Further details on the bank's reasoning and specific projections were not immediately available.
Sources
- Dovish outlier Nomura boosted Fed-hike forecasts for two reasons — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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