Fed's Policy Decisions to Impact Global Markets.

The US government is scheduled to release inflation data next week, which will be a key factor in determining the Federal Reserve's benchmark interest rate. The forthcoming figures are anticipated to demonstrate sustained price pressures, prompting a cautious approach from the Fed with regard to interest rate reductions at the December Federal Open Market Committee meeting. The Personal Consumption Expenditure (PCE) price index, excluding food and energy, is projected to increase by 0.3% in October compared to September and by 2.8% from the previous year, representing the largest rise since April. The report is also expected to show strong household spending and consistent income growth at the start of the fourth quarter. Unadjusted consumer spending is predicted to increase by 0.4% following a 0.5% rise in the previous month. This is accompanied by a 0.3% rise in personal income for the second month, supported by moderate job growth. Additionally, Federal Reserve policymakers will receive the consumer and producer price indexes for November.

Menanti Data Inflasi AS, Bakal Perkuat Pelonggaran Suku Bunga The Fed?

China Seeks Dialogue with US to Avoid Trade War.

China is open to engaging in a constructive dialogue with the United States (US) with the goal of fostering mutually beneficial growth in their bilateral economic and trade relations. This statement follows growing concerns about the potential for a tariff war when President-elect Donald Trump assumes office in January 2025. Wang Shouwen, Vice Minister of Commerce and China's International Trade Representative, stated that China believes both countries can maintain stable, healthy, and sustainable economic and trade relations. China also expressed its willingness to expand areas of cooperation and effectively manage any differences with the United States. In light of President-elect Trump's proposal to impose tariffs of over 60% on all Chinese goods, Chinese exporters are taking preparatory measures to mitigate potential trade disruptions. A survey of economists conducted by Reuters indicates that the United States may impose tariffs on imports from China in early 2023, which could have an adverse impact on economic growth.

Terancam Tarif, China Buka Peluang Dialog Kerja Sama dengan AS

Oil Prices Rise Amid Rising Geopolitical Tensions in Ukraine.

In late trading on Friday, oil prices increased by approximately 1%, reaching the highest level observed in the past two weeks. This was attributed to the intensifying conflict in Ukraine, which has heightened geopolitical risks in the market. Brent crude oil futures increased by 1.3% to reach $75.17 per barrel, while US West Texas Intermediate (WTI) crude oil rose by 1.6% to $71.24. Both crude benchmarks saw a 6% increase over the course of the week, reaching their highest level since November 7, 2024. The intensified attacks by Moscow on Ukraine, following the UK and US governments' decision to allow Kyiv to strike deeper into Russia, have further heightened tensions. Analysts from Saxo Bank have expressed concerns about the heightened geopolitical tensions, which they believe have reached levels higher than those observed during the year-long conflict between Israel and Iran-backed militants. Additionally, President Vladimir Putin confirmed that Russia would continue testing its new Oreshnik hypersonic missile in combat.

Perang Rusia-Ukraina Memanas, Harga Minyak Melonjak Tembus US$75,17 per Barel