{
    "success": true,
    "data": {
        "id": 1658208,
        "msgid": "ojk-market-expectations-for-fed-rate-cuts-in-2026-dashed-due-to-iran-war-1775638357",
        "date": "2026-04-06 14:18:47",
        "title": "OJK: Market Expectations for Fed Rate Cuts in 2026 Dashed Due to Iran War",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Economy",
        "summary": "The escalation of the Iran war has shattered market expectations for a US Federal Reserve interest rate cut in 2026, amid persistent inflation, rising unemployment, and significant pressure on the US economy, according to OJK Chair Friderica Widyasari Dewi. In contrast, China's economy has outperformed expectations, driven by improved demand and supply dynamics along with financial sector stimulus, though it plans to lower its growth targets in response to ongoing structural challenges and external uncertainties. Domestically in Indonesia, core inflation declined in March 2026, consumer activity remains robust with strong retail sales and motor vehicle performance, manufacturing PMI is expansive, and external resilience is evident through adequate foreign reserves and a trade surplus as of February 2026.",
        "content": "<p>Jakarta \u2013 OJK Chairwoman Friderica Widyasari Dewi, also known as\nKiki, stated that the escalation of the Iran war has dashed market\nexpectations for a Federal Reserve interest rate cut in 2026.\nPreviously, the Fed had signalled at least one rate cut this year to\nmaintain its policy rate. However, the impact of the Iran war has\nexerted significant pressure on the US economy, amid persistent\ninflation and rising unemployment levels. \u201cFollowing the escalation of\nthe Iran conflict, market expectations have shifted to a scenario of no\nFed rate cuts in 2026,\u201d Kiki said during a press teleconference\nfollowing the OJK\u2019s Monthly Commissioners\u2019 Meeting for March 2026, on\nMonday, 6 April 2026. In contrast, Kiki noted that China\u2019s economy has\nrecorded performance above expectations, driven by improvements in\ndemand and supply sides, as well as support from financial sector\nstimulus. Nevertheless, China is reported to lower its economic growth\ntarget in response to ongoing structural challenges and persistent\nexternal uncertainties. Meanwhile, on the domestic economy front, Kiki\nconveyed that core inflation in March 2026 was recorded to have\ndeclined. Consumer activity remains strong at the start of the year.\n\u201cThis is reflected in retail sales growth estimated at 6.89 per cent\nyear-on-year (yoy), as well as solid motor vehicle sales performance,\u201d\nKiki stated. From the supply side, Kiki assured that the manufacturing\nPMI is still in an expansive condition. \u201cFrom the perspective of\nexternal resilience, national foreign exchange reserves in February 2026\nare at an adequate level, and the trade balance continues to record a\nsurplus,\u201d she added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-market-expectations-for-fed-rate-cuts-in-2026-dashed-due-to-iran-war-1775638357",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}