Nomura doesn't expect the FOMC to cut rates on excess bank reserves when it meets this week, as...

|By:, SA News Editor
Nomura doesn't expect the FOMC to cut rates on excess bank reserves when it meets this week, as some have demanded. However, it does expect more color on its inflation and unemployment views; and like others, it thinks a version of Operation Twist will be announced. Nomura also expects Fed chiefs Plosser and Fisher to dissent from the latter decision.