Nomura: Fed Expected to Pause Rate Cuts in December
Jinse Finance reported that Nomura Securities expects the Federal Reserve to keep interest rates unchanged in December. Although the U.S. government shutdown has affected the release of official data, recent indicators still show resilience in the job market. The firm pointed out that Federal Reserve Chairman Powell's unexpectedly hawkish tone at the October press conference reinforced the view of pausing rate cuts. It is expected that President Trump will criticize this decision, claiming that it prematurely restricts economic growth.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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