Nomura Securities has postponed its expectations for a Federal Reserve rate cut to September and December, citing renewed inflation risks stemming from the Middle East conflict. Jeremy Schwartz, chief U.S. economist at Nomura, also noted that the delay in the confirmation process for Fed Chair nominee Kevin Warsh was another reason for revising his rate cut timeline from the previously predicted June and September. While price pressures are considered temporary, the Fed is likely to remain cautious in the short term. Nevertheless, policymakers maintain an accommodative stance, and Nomura expects the new Fed chair to prioritize significant policy easing. He stated, "Federal Open Market Committee officials maintain an accommodative stance and are reacting asymmetrically to any signs of weakening labor market." (Jinshi)