According to CoinMeta, Nomura economists stated in a report on November 10 that due to U.S. inflation data exceeding expectations, the bank currently expects the Federal Reserve to raise interest rates once in December this year and once in March next year. They noted that previous forecasts suggested that the December rate hike would be the last, but several policymakers have hinted at a more hawkish scenario, with most officials expected to anticipate further policy tightening in 2027 in the December dot plot.