Nomura: The Federal Reserve is highly sensitive to inflation fluctuations

According to ChainCatcher, citing Golden Ten Data, Matthew Pallai, Chief Investment Officer at Nomura Capital Management, stated in a report that the Federal Reserve has become more dovish amid a deteriorating job market, but remains highly sensitive to inflation fluctuations. He is concerned about how ongoing price pressures from tariffs and immigration policies complicate the disinflationary trend. If inflation unexpectedly rises, the overvaluation of stocks and corporate credit could exacerbate volatility.