Macquarie Says Fed Rate Hike Faces Uncertainties

Macquarie Group's foreign exchange and interest rate strategist Thierry Wizman pointed out in a report that there is still time before the Federal Reserve's December meeting, during which various uncertainties may arise that could hinder a rate hike, despite the current basic expectation of a 25 basis point increase. Factors he mentioned include the potential U.S. government shutdown, easing geopolitical tensions leading to a drop in oil prices, and a worsening outlook related to AI that could trigger a sell-off in U.S. stocks. These factors could lead the Fed to abandon a rate hike in December or at least rule out the possibility of a 50 basis point increase.

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