[Nomura Securities: Withdraws Expectation of Another Fed Rate Cut in December] Odaily Planet Daily News - Nomura Securities has canceled its expectation of another Federal Reserve rate cut in December. This decision was made following the Fed's October rate decision announcement and Chairman Powell's press conference. Fed Chairman Powell stated during the press conference that a rate hike in December is "not a foregone conclusion." This aligns perfectly with Powell's current stance—he is unlikely to commit to anything in advance, especially given the context of a government shutdown that has lasted a month and severely impacted the release of economic data. Previously, Nomura Securities had predicted that the Fed would cut rates by another 25 basis points in December. Based on the current situation, the federal funds futures market estimates the probability of another rate cut by the end of the year at approximately 72%, down from about 91% before the Fed's decision. (Jin10)