Nomura: The Fed is expected to start cutting interest rates in September, with a total of 75 basis points expected over three cuts.

BlockBeats News, August 13th. Nomura's economist currently predicts that due to a weak labor market and reduced inflation risks, the Fed will start cutting interest rates in September. Nomura's economists wrote in a report that the Fed may cut interest rates by 25 basis points at the September meeting, followed by another cut in December and the following March. While the median expectation of analysts is a 25 basis point cut in the next three months, economists are divided on the timing of the rate cuts. Nomura was previously one of those institutions that expected Fed officials to wait until later this year to ease policy. (IG)