Macquarie: There is still time before the Fed's next meeting, and numerous variables during this period could hinder rate hikes.

November 12 - Thierry Wizman, FX and rates strategist at Macquarie Group, said in a report that the Fed's December meeting is still some time away, and many variables may occur in the interim that could hinder the Fed from raising rates, although the current base case is a 25 basis point hike. A variety of factors could cause the Fed to abandon a rate hike in December, or at least rule out the possibility of a 50 basis point increase.

The factors he listed include: a US government shutdown, further oil price declines due to easing geopolitical tensions, and further US stock selloffs if AI-related prospects deteriorate.