0129 GMT - A Federal Reserve rate cut in March no longer looks likely to Nomura analysts, who now see a hold through 2025. While U.S. economic activity should stay robust near term, it'll likely slow on the impact of the Trump administration's combative trade policy, David Seif and others write. They now expect 10% tariffs on many countries and an increase on those against China. Tariffs will weigh on U.S. consumer spending, while policy uncertainty poses a headwind for business investment, they say. Less aggressive Fed easing due to tariff-fueled inflation could curb the housing market recovery. They think Fed easing may resume in 2Q 2026 once tariff-induced inflation passes. Risks to their view include more a moderate trade policy or the Fed looking past tariff-driven inflation. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 20:29 ET (01:29 GMT)
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