Nomura: US Economic Growth Expected to Reach 2.5% in 2026, Driven by AI Investment

According to ChainCatcher, citing Golden Ten Data, Robert Subbaraman, Chief Economist for Asia (excluding Japan) at Nomura Securities, stated that the U.S. economy is expected to remain strong, with a projected growth rate of 2.5% in the first half of 2026. He attributes this outlook to the ongoing AI investment boom and fiscal expansion. Subbaraman expects the Federal Reserve to keep interest rates unchanged in December, but the baseline view is that rate cuts will occur in March, June, and September of 2026. Consumer inflation may remain around 3%, and if financial conditions and liquidity increase, inflation could rise.