The U.S. Federal Reserve is no longer expected to cut interest rates at its December policy meeting, Nomura has said, making it the first global brokerage to signal a pause in the central bank's rate-cutting cycle in the wake of Donald Trump's election win.

Federal Reserve Bank of Boston President Susan Collins said a December interest-rate cut remains on the table, emphasizing the central bank’s decision will be guided by incoming data.

Fed watchers see a greater chance the central bank may skip a rate cut at its last meeting of the year in December.

Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.

Financial writer discusses Jerome Powell's stance on rate cuts, Federal Reserve's securities portfolio reduction, and quantitative tightening progress.

Last week, the fed chair said the US central bank is in no hurry to cut rates when the economy is holding up. The reason is that US consumers just keep on spending. Traders dialled back bets on a December cut to around 55 per cent — from 80 per cent before Powell's comments.