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.

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 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.

Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.

Boston Fed President Susan Collins said it was too soon to say whether the Fed should cut interest rates next month.

Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.

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.