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
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RANK_REASON The cluster contains multiple unrelated news items, including economic data for Indonesia and a forecast about the US Federal Reserve, presented as a digest.