Tensions, Tariffs, and Trajectories
Highlights
- Geopolitical Escalation: Strait of Hormuz and Beyond
- Reflation Risks from Oil Prices and Geopolitical Tensions
- Monetary Policy: A Cautious Global Approach
- Trade Policy: Tariff Uncertainty Clouds Economic Outlook
- Indonesia: Fiscal Strains, Trade Risks, and Liquidity Challenges
- Capital market – Foreign Outflows Persist Despite Stronger IDR
Global Updates
- US: Moderate Inflation and Fed Caution Amid Economic Uncertainty
- Cooling Inflation Amid Tariff Pressures
- Fed Maintains Rates, Signals Patience
- PCE Inflation Remains Stable
- Mixed Economic Signals from Manufacturing and Labor Markets
- China: Manufacturing Weakness Eases as Stimulus Takes Hold
Domestic Updates
- Indonesia: Balanced Yet Challenged
- FX Reserves Hold Firm as BI Focuses on Liquidity Over Rate Cuts
- Inflation Edges Up, But Core Pressures Remain Mild
- Consumer Confidence Falls While Retail Sales Begin to Recover
- Trade Surplus Widens on Strong Exports and Rising Imports
- State Budget Revised with Higher Deficit, Modest Growth Outlook
- Manufacturing Slows Further Amid Weaker Demand and Confidence
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