Research
8 April 2026
Wall Street indexes closed mostly flat on Tuesday, but managed to rebound from intraday...
Research
7 April 2026
In the FY25 period, TBIG recorded revenue of IDR 6.91 trillion, a slight increase of +0...
20 December 2022
Monday's lack of economic data made investors focus on the Fed's Higher for Longer FFR. Speculation that the Fed again raised the FFR by +25 Bps in February and March 2023, pushing the Upper Bound FFR to the level of 5% while increasing the US economy in 1Q23 to become expensive.
19 December 2022
US business activity contracted again as the high-interest rates trend weighed the economy, the Dow briefly depreciating by 500 points before finally closing down 0.85 last week. In addition to the Fed's discourse in continuing the FFR hike above 5% in 2023, investors responded negatively to the release of S&P Global US Manufacturing PMI and Services PMI data in Dec., which contracted to 46.2 (vs. Nov. 47.7) and 44.4 (vs. 46.2), respectively.
16 December 2022
The Fed expects a further FFR hike of above 5% in 2023, raising fears of a recession going further and lasting for a long period. Wall Street has consistently moved in the red, with the Nasdaq weakening by 3%.
15 December 2022
The Hawkish period is longer in 2023. The FOMC Rate Decision results project that next year's FFR to end at 5.1%, 50 Bps higher than the previous projection last September, which stated that the FFR in 2023 will end at the level of 4.6%.
14 December 2022
Petrol prices fell 2% MoM, putting pressure on US inflation, and Wall Street rallied, with the Nasdaq appreciating by 1%. On a monthly basis, US Inflation Headline in Nov. was only 0.1% MoM (Vs. Oct. 0.4% MoM) or recorded an annual inflation rate of 7.2% YoY (Vs. Oct. 7.7% YoY).
