More on Nomura forecasting 100bp of FOMC rate cuts this year - end QT also

From back on Friday, Nomura on FOMC rate cuts this year, 100bp in total:

• Nomura forecasts Fed rate cuts of 25bp in May, July, September and December 2024

Adding a tiny bit more to this:

• Nomura forecast the U.S. Federal Reserve will begin reducing the pace of balance-sheet rundown in Jun
• Project an end to quantitative tightening in December

The Federal Open Market Committee (FOMC) meet this week:

• Federal Reserve's FOMC meet this week, Goldman Sachs expect on hold, with a cut in March