Nomura expects the US Fed to deliver 25bp rate cuts in September and December, compared to previous forecasts of June and September

Newsquawk StaffFederal Reserve newsPublished 30 Mar 2026, 04:35 UTC

Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

Go live — 7 days for $29.99

Go live — 7 days for £24.99

Go live — 7 days for €29.99

04:48

Local accounts report at least 20 explosions near the oil refinery and petrochemical complex in Abadan, Iran

04:34

Toyota (7203 JT) February parent-only global vehicle output fell 3.9% Y/Y

04:15

Nomura expects the US Fed to deliver 25bp rate cuts in September and December, compared to previous forecasts of June and September

03:41

PRE-MARKET INDIAN STOCKS NEWS: RBI tightened FX position rules

03:33

[MARKET ANALYSIS] Asia-Pac stocks are mostly lower amid geopolitical escalation with Houthis joining in the Middle East conflict

On the Newsquawk feed at 04:15, 20 minutes before this page.

Use the PlatformFree. No signup, no card.

Context

Nomura's shift in expectations regarding the Fed's rate cuts pushes the timeline for anticipated reductions to September and December, suggesting a more dovish outlook than previously expected. This move may indicate a reassessment of the economic landscape, with implications for USD valuation and broader risk sentiment, particularly in fixed income markets.

Newsquawk Daily

Get both market opens in your inbox.

FX · last 90 days

Recent headlines that moved markets

FX/14 Oct · 12:30 UTC

US Core CPI (Sep MM) 0.3% vs. Exp. 0.2% (Prev. 0.3%).

- USD/JPY, after we published+0.3%

FX/8 Oct · 08:30 UTC

Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.

DXY, after we published+0.1%

FX/5 Oct · 11:16 UTC

Japan's GPIF didn't discuss allocation at its September meeting, Bloomberg reports.

Market, after we published+0.1%

FX/29 Sept · 18:00 UTC

Fed's Williams (voter) says sees no need for urgency after Sept rate hike.

- DXY, after we published−0.2%

FX/29 Sept · 05:32 UTC

[PRESS CONFERENCE] RBA Governor Bullock says inflationary pressures to last longer than expected; inflation is driven by domestic capacity pressures; Board will raise rates again if needed.

AUD/USD, after we published−0.6%

FX/28 Sept · 07:56 UTC

Japanese FX Official Mimura says they are closely watching to see if markets take the clear message they are giving at face value. Not satisfied with or reassured by recent JPY action.

Following the commentary USD/JPY, after we published−0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Free.

No signup, no card.

Use the Platform

Related headlines

The feed had this first.

Use the Platform