Fixed Income Update 05 Sep 2024
KBVS WEEKLY FIXED INCOME UPDATE
Thursday, 5 September 2024
Between Hard and Soft Landing: Navigating Economic Outcomes
Various data released in the U.S. over the past two weeks have shown mixed results. On one hand, labor market data has raised concerns about the possibility of a hard landing in the US economy. However, on the other hand, consumer optimism data, particularly the PCE (Personal Consumption Expenditures), has shown positive figures, indicating that demand in the US remains stable.
Meanwhile, Indonesia experienced a deflation of 0.03% MoM in August 2024. The commodities contributing to this month-to-month deflation include rice, chili peppers, cucumbers, ground coffee, machine-made clove cigarettes, gasoline, elementary school fees, middle school fees, higher education tuition fees, and jewelry.
Regards,
Fikri C Permana - KBVS Research