Daily Report | 5 July 2022
The potential for a recession makes analysts' expectations high. Even though Wall Street is on holiday to commemorate
The potential for a recession makes analysts' expectations high. Even though Wall Street is on holiday to commemorate
Inflation Above Target and Rupiah at 15,000. US PCE Core Deflator in May was up +0.3% MoM (+4.7% YoY); still high
Manufacturing activity slowed, giving the Fed room to be Dovish in September. Data shows US June ISM Manufacturing fell
Personal Consumption Expenditures high, Wall Street closed 2Q22 lower. US May Core Deflator PCE up +0.3% MoM and +4.7%
GDP contraction ahead of the earnings season pushed Wall Street to move mixed. US GDP Annualized QoQ 1Q22 contracted
Consumer pessimism fuels fears of GDP contraction. Nasdaq led Wall Street's decline, and was down nearly 3%. Consumer
Manufacturing resilient, ready to hold back the Hawkish Fed. Data for May showed an increase in the Core Cap. Good
BI 7 DRRR at 3.50%, Maintaining 2Q22 GDP. Other than low May CPI at 2.58% YoY (Vs. BI’s target of 3+/- 1%), NHKSI
Expectations that inflation falls to 5.3% was responded positively by Wall Street with the Dow Jones rising more than