Brief

Indonesia's current account deficit widened to $4 billion in the first quarter, the largest in over six years, putting further pressure on the Indonesian rupiah. Separately, Nomura Securities now forecasts the US Federal Reserve will hold rates steady through 2026 due to rising inflation and a decreased willingness among Fed officials to cut rates. The report suggests that while the incoming Fed chair may wish to ease policy, recent data and statements cast doubt on their ability to convince the FOMC. AI

Nomura Securities now anticipates the Federal Reserve will maintain its interest rates throughout 2026, citing rising inflation and a decreased willingness among Fed officials to lower rates. The firm's analysis suggests that the incoming Fed Chair, Kevin Warsh, may wish to ease monetary policy but faces challenges in convincing the FOMC majority. Separately, Zhejiang Shibao stated on an investor platform that it has no current plans to expand into new industries such as optical modules, data leasing, or AI. AI