Nomura predicts a full percentage point increase in US interest rates when the Federal Reserve meets on 20-21 September.
High inflation has put Fed chief Jerome Powell in a tight spot. He could trigger a recession in his effort to tackle inflation.
Accountancy
Brace for the biggest Fed rate hike in 40 years: ‘Markets underappreciate just how entrenched US inflation has become’
After a dismal inflation report, Nomura became the first on Wall Street to predict a full-percentage-point increase in rates
