Nomura: Expects US economy to grow 2.5% in 2026, driven by AI investment

According to Jin Shi reports, Robert Subbaraman, Chief Economist for Asia (excluding Japan) at Nomura Securities, stated that the U.S. economy is expected to remain strong, with a growth rate projected to reach 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 there will be rate cuts in March, June, and September of 2026. Consumer inflation may remain around 3%, and if financial conditions and liquidity increase, inflation could rise.