China Rate Shift Raises Fed Move Odds, Nomura Bond Trader Says

Updated on
  • China cut to curb volatility, encouraging the Fed, Gorman says
  • Gorman's view on liftoff: `I think they're going in December'

China’s interest-rate cut will lead the Federal Reserve to raise borrowing costs in the U.S. this year, according to John Gorman, the head of dollar-denominated debt trading for Asia and the Pacific at Nomura Holdings Inc.

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