According to Odaily, Nomura Securities has adjusted its outlook on the Federal Reserve's December policy meeting, now anticipating a 25 basis point rate cut. This marks a shift from its previous expectation that rates would remain unchanged. Despite this revision, Nomura acknowledges significant uncertainty surrounding the December decision. The change in forecast is attributed to the presence of sufficient dovish signals, which suggest that further 'risk management-style rate cuts' are justified for the Fed's centrists. Nomura anticipates opposition from four hawkish members against the rate cut, while Milan is expected to adopt a dovish stance, advocating for a 50 basis point reduction. Looking ahead, Nomura continues to forecast that under the leadership of a new Federal Reserve Chair, the Fed will implement 25 basis point rate cuts in June and September of 2026.