Svmuu News Nomura Securities has delayed its expectations for Fed rate cuts to September and December, citing new inflation risks triggered by conflicts in the Middle East. Jeremy Schwartz, Nomura's Chief US Economist, also noted that the delayed confirmation process for Fed Chair nominee Kevin Warsh was a reason for revising the rate cut timeline from the previously forecasted June and September. Although price pressures are seen as temporary, the Fed is likely to remain cautious in the short term. Nevertheless, policymakers maintain a dovish bias, and Nomura expects the new Fed Chair to prioritize significant policy easing. He stated, "FOMC officials maintain a dovish bias and exhibit an asymmetric response to any signs of labor market weakening." (Jin10)