Macquarie FX and rates strategist Thierry Wizman said in a note the Fed’s
December meeting is still some way off and a range of developments could prevent
a rate increase despite a baseline expectation of a 25bp hike. He flagged risks
that could cause the Fed to abandon a December hike or rule out a 50bp move,
including a US government shutdown, easing geopolitical tensions that push oil
lower, and a deteriorating AI outlook triggering further US equity selling.