Some Events Might Still Deter Fed from Raising Rates in December
Dow Jones14:08
0608 GMT - The Federal Reserve's December meeting feels so far away that plenty can "happen" between now and then to deter the central bank from hiking at all, even though the baseline view should be a single 25bp hike, says Macquarie Group's Thierry Wizman in a note. A number of things could, however, deter the Fed from hiking in December, or certainly deter a 50-basis-point hike, the global FX and rates strategist says. These are a U.S. government shutdown, and further declines in the price of oil on 'peace', and a further sell-off in stocks, if the AI story worsens, he says. The Fed's next interest-rate decision is scheduled for Dec. 9.
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