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FOMC · Federal Funds Rate · 2021 → 2026

Riwayat Suku Bunga Fed(2021–2026)

Setiap bulan sejak Januari 2021: keputusan FOMC, data makro, dan reaksi pasar sekilas. Terbaru di atas.

Bagikan
Tertinggi periode5.25–5.50%Jul 2023
Terendah periode0.00–0.25%Jan 2021
Perubahan periode▲ +375bpvs Jan 2021
Linimasa bulanan

Naik Pangkas Tahan

Suku bunga (batas atas)

Overlay

Klik grafik untuk ke bulan tersebut · Data makro = bulan referensi (dirilis bulan berikutnya)

20262026

  1. Okt2026
    Okt’26
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedWarshPresidenTrump
    3.75–4.00%
    vs 1 bulan■ 0bp

    Risalah September: pejabat melihat kenaikan lagi mungkin tahun ini, waktunya belum jelas.

    Obligasi 2T4.79%▼Obligasi 10T5.21%▼2s10s+37bp▼VIX15.27▼ DXY102.07+0.61%
    Sentimen pasarWaspada kenaikan lanjutan
    Nasdaq 100-1.51% Short diunggulkan
    Institusi (CFTC COT)AM +73,798 · LF -19,212 10-06
    Posisi riteln/a

    “In the meeting just concluded, the FOMC decided to raise the target range for the federal funds rate by a ¼ percentage point to 3¾ to 4 percent, in support of the Federal Reserve’s dual mandate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  2. Sep2026
    ▲Sep’26
    Naik +25bp Hawkish FOMC
    Ketua FedWarshPresidenTrump
    3.75–4.00%
    vs keputusan sebelumnya▲ +25bpvs 1 bulan▲ +25bp

    Naik 25 bp secara bulat untuk mendukung kembalinya inflasi ke 2% lebih cepat.

    CPI (YoY)3.7%▲Pengangguran4.2%▲Nonfarm payrolls+29k▼Obligasi 2T4.88%▲Obligasi 10T5.29%▲2s10s+41bp■VIX16.34▲ DXY101.45+2.03% Median SEP4.1% ’26 Reaksi hari keputusanEmas+1.26%NDX+0.02%
    Sentimen pasarPengetatan dimulai lagi (hawkish)
    Nasdaq 100+3.23% Long diunggulkan
    Institusi (CFTC COT)AM +69,744 · LF -24,723 09-29
    Posisi riteln/a

    “In the meeting just concluded, the FOMC decided to raise the target range for the federal funds rate by a ¼ percentage point to 3¾ to 4 percent, in support of the Federal Reserve’s dual mandate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  3. Agu2026
    Agu’26
    Tahan Hawkish Tanpa rapat · suku bunga tetap
    Ketua FedWarshPresidenTrump
    3.50–3.75%
    vs 1 bulan■ 0bp

    Di Jackson Hole, Warsh menekankan kewaspadaan inflasi dan mengisyaratkan kemungkinan kenaikan.

    CPI (YoY)3.4%▲PCE inti3.0%■Pengangguran4.1%■Nonfarm payrolls+133k▲Obligasi 2T4.34%▲Obligasi 10T4.75%■2s10s+41bp▼VIX14.92▼ DXY99.43-0.37%
    Sentimen pasarRisiko kenaikan meningkat (hawkish)
    Nasdaq 100+4.18% Long diunggulkan
    Institusi (CFTC COT)AM +73,216 · LF -41,232 08-25
    Posisi riteln/a

    “Here is my standard: We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  4. Jul2026
    Jul’26
    Tahan Netral FOMC
    Ketua FedWarshPresidenTrump
    3.50–3.75%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ditahan 9-3; tiga penentang ingin naik 25 bp. · Dissent: Hammack, Kashkari, Logan preferred 25 bp hike

    CPI (YoY)3.3%▼PCE inti3.0%■Pengangguran4.1%▼Nonfarm payrolls-10k▼Obligasi 2T4.28%▲Obligasi 10T4.75%▲2s10s+47bp▲VIX15.99▼ DXY99.80-1.37% Reaksi hari keputusanEmas-0.06%NDX-2.06%
    Sentimen pasarTekanan kenaikan menguat
    Nasdaq 100-6.61% Short diunggulkan
    Institusi (CFTC COT)AM +76,759 · LF -58,298 07-28
    Posisi riteln/a

    “Today, as you know, our Committee decided to vote by a 9-to-3 vote to maintain the target range for the federal funds rate at 3½ to 3¾ percent.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  5. Jun2026
    Jun’26
    Tahan Netral FOMC
    Ketua FedWarshPresidenTrump
    3.50–3.75%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ketidakpastian tinggi akibat konflik Timur Tengah; guncangan pasokan termasuk energi menjaga inflasi tinggi. Ditahan bulat 12-0.

    CPI (YoY)3.5%▼PCE inti3.0%▼Pengangguran4.2%▼Nonfarm payrolls+31k▼Obligasi 2T4.14%▲Obligasi 10T4.44%▼2s10s+30bp▼VIX16.45▲ DXY101.19+2.31% Median SEP3.8% ’26 Reaksi hari keputusanEmas+0.62%NDX-0.99%
    Sentimen pasarTekad stabilitas harga
    Nasdaq 100-0.19% Short diunggulkan
    Institusi (CFTC COT)AM +67,310 · LF -68,617 06-30
    Posisi riteln/a

    “As you saw a few moments ago, the Committee decided to maintain the target range for the fed funds rate at 3½ to 3¾ percent, in support of the Fed’s dual mandate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  6. Mei2026
    Mei’26
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowell~5/22Warsh5/22~PresidenTrump
    3.50–3.75%
    vs 1 bulan■ 0bp

    Kevin Warsh dilantik sebagai Ketua Fed pada 22 Mei di tengah inflasi yang naik.

    CPI (YoY)4.2%▲PCE inti3.2%▲Pengangguran4.3%■Nonfarm payrolls+63k▼Obligasi 2T3.98%▲Obligasi 10T4.45%▲2s10s+47bp▼VIX15.32▼ DXY98.91+0.85%
    Sentimen pasarMenunggu Ketua baru
    Nasdaq 100+10.49% Long diunggulkan
    Institusi (CFTC COT)AM +85,063 · LF -51,679 05-26
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  7. Apr2026
    Apr’26
    Tahan Hawkish FOMC
    Ketua FedPowellPresidenTrump
    3.50–3.75%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Inflasi tinggi, sebagian karena harga energi global. Ditahan; tiga anggota menolak bias pelonggaran. · Dissent: Miran cut; Hammack, Kashkari, Logan against easing bias

    CPI (YoY)3.8%▲PCE inti3.1%■Pengangguran4.3%■Nonfarm payrolls+148k▼Obligasi 2T3.88%▲Obligasi 10T4.40%▲2s10s+52bp▲VIX16.89▼ DXY98.08-1.88% Reaksi hari keputusanEmas-1.02%NDX+0.58%
    Sentimen pasarMuncul pergeseran hawkish
    Nasdaq 100+15.64% Long diunggulkan
    Institusi (CFTC COT)AM +78,698 · LF -35,950 04-28
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  8. Mar2026
    Mar’26
    Tahan Netral FOMC
    Ketua FedPowellPresidenTrump
    3.50–3.75%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ditahan; penambahan lapangan kerja rendah, pengangguran hampir tetap, inflasi agak tinggi. · Dissent: Miran preferred 25 bp cut

    CPI (YoY)3.3%▲PCE inti3.1%▲Pengangguran4.3%▼Nonfarm payrolls+214k▲Obligasi 2T3.79%▲Obligasi 10T4.30%▲2s10s+51bp▼VIX25.25▲ DXY99.96+2.41% Median SEP3.4% ’26 Reaksi hari keputusanEmas-2.24%NDX-1.43%
    Sentimen pasarMenunggu
    Nasdaq 100-4.89% Short diunggulkan
    Institusi (CFTC COT)AM +57,650 · LF -37,103 03-31
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  9. Feb2026
    Feb’26
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenTrump
    3.50–3.75%
    vs 1 bulan■ 0bp

    Risalah Januari: pejabat terbelah soal arah kebijakan dan membahas dampak AI pada ekonomi.

    CPI (YoY)2.4%■PCE inti3.0%▲Pengangguran4.4%▲Nonfarm payrolls-156k▼Obligasi 2T3.38%▼Obligasi 10T3.97%▼2s10s+59bp▼VIX19.86▲ DXY97.61+0.64%
    Sentimen pasarMenunggu penahanan panjang
    Nasdaq 100-2.32% Short diunggulkan
    Institusi (CFTC COT)AM +69,294 · LF -16,554 02-24
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  10. Jan2026
    Jan’26
    Tahan Netral FOMC
    Ketua FedPowellPresidenTrump
    3.50–3.75%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Pertumbuhan solid, penambahan kerja rendah, pengangguran mulai stabil. Ditahan. · Dissent: Miran and Waller preferred 25 bp cut

    CPI (YoY)2.4%▼PCE inti2.9%■Pengangguran4.3%▼Nonfarm payrolls+160k▲Obligasi 2T3.52%▲Obligasi 10T4.26%▲2s10s+74bp▲VIX17.44▲ DXY96.99-1.31% Reaksi hari keputusanEmas+4.35%NDX+0.32%
    Sentimen pasarJeda pemangkasan
    Nasdaq 100+1.20% Long diunggulkan
    Institusi (CFTC COT)AM +79,357 · LF -16,838 01-27
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2

20252025

  1. Des2025
    ▼Des’25
    Pangkas -25bp Dovish FOMC
    Ketua FedPowellPresidenTrump
    3.50–3.75%
    vs keputusan sebelumnya▼ -25bpvs 1 bulan▼ -25bp

    Pemangkasan 25 bp ketiga berturut-turut dengan tiga dissent (satu pangkas lebih besar, dua tahan). · Dissent: Miran 50 bp; Goolsbee and Schmid hold

    CPI (YoY)2.7%■PCE inti2.9%▲Pengangguran4.4%▼Nonfarm payrolls-17k▼Obligasi 2T3.47%■Obligasi 10T4.18%▲2s10s+71bp▲VIX14.95▼ DXY98.28-1.19% Median SEP3.6% ’25 Reaksi hari keputusanEmas-0.27%NDX+0.42%
    Sentimen pasarPemangkasan dekat akhir
    Nasdaq 100-0.73% Short diunggulkan
    Institusi (CFTC COT)AM +81,201 · LF -25,674 12-30
    Posisi riteln/a

    “In support of our goals, and in light of the balance of risks to employment and inflation, today the Federal Open Market Committee decided to lower our policy interest rate by ¼ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  2. Nov2025
    Nov’25
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenTrump
    3.75–4.00%
    vs 1 bulan■ 0bp

    Risalah Oktober: banyak pejabat cenderung menolak pemangkasan Desember.

    CPI (YoY)2.7%PCE inti2.7%■Pengangguran4.5%Nonfarm payrolls+41k▲Obligasi 2T3.47%▼Obligasi 10T4.02%▼2s10s+55bp▲VIX16.35▼ DXY99.46-0.34%
    Sentimen pasarPemangkasan Desember diragukan
    Nasdaq 100-1.64% Short diunggulkan
    Institusi (CFTC COT)AM +77,156 · LF +9,671 11-25
    Posisi riteln/a

    “In support of our goals, and in light of the balance of risks to employment and inflation, today the Federal Open Market Committee decided to lower our policy interest rate by ¼ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  3. Okt2025
    ▼Okt’25
    Pangkas -25bp Dovish FOMC
    Ketua FedPowellPresidenTrump
    3.75–4.00%
    vs keputusan sebelumnya▼ -25bpvs 1 bulan▼ -25bp

    Pangkas 25 bp; penambahan kerja melambat, inflasi naik sejak awal tahun. · Dissent: Miran 50 bp; Schmid hold

    PCE inti2.7%▼Nonfarm payrolls-140k▼Obligasi 2T3.60%■Obligasi 10T4.11%▼2s10s+51bp▼VIX17.44▲ DXY99.80+2.08% Reaksi hari keputusanEmas+0.44%NDX+0.41%
    Sentimen pasarPangkas di tengah perbedaan pendapat
    Nasdaq 100+4.77% Long diunggulkan
    Institusi (CFTC COT)AM +76,269 · LF +11,174 10-28
    Posisi riteln/a

    “In support of our goals, and in light of the balance of risks to employment and inflation, today the Federal Open Market Committee decided to lower our policy interest rate by ¼ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 3
  4. Sep2025
    ▼Sep’25
    Pangkas -25bp Dovish FOMC
    Ketua FedPowellPresidenTrump
    4.00–4.25%
    vs keputusan sebelumnya▼ -25bpvs 1 bulan▼ -25bp

    Pemangkasan dilanjutkan (25 bp) karena lapangan kerja melambat dan pengangguran naik tipis. · Dissent: Miran preferred 50 bp

    CPI (YoY)3.0%▲PCE inti2.8%▼Pengangguran4.4%▲Nonfarm payrolls+76k▲Obligasi 2T3.60%▲Obligasi 10T4.16%▼2s10s+56bp▼VIX16.28▲ DXY97.770.00% Median SEP3.6% ’25 Reaksi hari keputusanEmas-0.20%NDX-0.21%
    Sentimen pasarPelonggaran kembali
    Nasdaq 100+5.40% Long diunggulkan
    Institusi (CFTC COT)AM +79,712 · LF -1,624 09-30
    Posisi riteln/a

    “In support of our goals, and in light of the shift in the balance of risks, today the Federal Open Market Committee decided to lower our policy interest rate by ¼ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  5. Agu2025
    Agu’25
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenTrump
    4.25–4.50%
    vs 1 bulan■ 0bp

    Di Jackson Hole, Powell berkata perubahan keseimbangan risiko "mungkin memerlukan" penyesuaian kebijakan.

    CPI (YoY)2.9%▲PCE inti2.9%▲Pengangguran4.3%■Nonfarm payrolls-70k▼Obligasi 2T3.59%▼Obligasi 10T4.23%▼2s10s+64bp▲VIX15.36▼ DXY97.77-2.26%
    Sentimen pasarHarapan pangkas September menguat
    Nasdaq 100+0.85% Long diunggulkan
    Institusi (CFTC COT)AM +80,177 · LF -16,901 08-26
    Posisi riteln/a

    “Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  6. Jul2025
    Jul’25
    Tahan Netral FOMC
    Ketua FedPowellPresidenTrump
    4.25–4.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ditahan; pertumbuhan semester I melambat. Dua gubernur dissent meminta pangkas. · Dissent: Bowman and Waller preferred 25 bp cut

    CPI (YoY)2.7%■PCE inti2.8%■Pengangguran4.3%▲Nonfarm payrolls+64k▲Obligasi 2T3.94%▲Obligasi 10T4.37%▲2s10s+43bp▼VIX16.72▼ DXY100.03+3.25% Reaksi hari keputusanEmas-0.85%NDX+0.16%
    Sentimen pasarKomite terbelah
    Nasdaq 100+2.38% Long diunggulkan
    Institusi (CFTC COT)AM +73,263 · LF -21,485 07-29
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  7. Jun2025
    Jun’25
    Tahan Netral FOMC
    Ketua FedPowellPresidenTrump
    4.25–4.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ditahan; ketidakpastian menurun tapi masih tinggi.

    CPI (YoY)2.7%▲PCE inti2.8%■Pengangguran4.1%▼Nonfarm payrolls-20k▼Obligasi 2T3.72%▼Obligasi 10T4.24%▼2s10s+52bp■VIX16.73▼ DXY96.88-2.47% Median SEP3.9% ’25 Reaksi hari keputusanEmas+0.04%NDX0.00%
    Sentimen pasarMasih menunggu
    Nasdaq 100+6.27% Long diunggulkan
    Institusi (CFTC COT)AM +49,978 · LF -32,010 06-24
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  8. Mei2025
    Mei’25
    Tahan Netral FOMC
    Ketua FedPowellPresidenTrump
    4.25–4.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ditahan; risiko pengangguran dan inflasi lebih tinggi dinilai meningkat.

    CPI (YoY)2.4%▲PCE inti2.8%▲Pengangguran4.3%▲Nonfarm payrolls+13k▼Obligasi 2T3.89%▲Obligasi 10T4.41%▲2s10s+52bp▼VIX18.57▼ DXY99.33-0.14% Reaksi hari keputusanEmas-0.90%NDX+0.39%
    Sentimen pasarKekhawatiran stagflasi
    Nasdaq 100+9.04% Long diunggulkan
    Institusi (CFTC COT)AM +51,383 · LF -47,768 05-27
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  9. Apr2025
    Apr’25
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenTrump
    4.25–4.50%
    vs 1 bulan■ 0bp

    Pasar bergejolak setelah pengumuman tarif; risalah Maret menyoroti risiko inflasi lebih tinggi dan pertumbuhan lebih lambat.

    CPI (YoY)2.3%▼PCE inti2.7%▲Pengangguran4.2%■Nonfarm payrolls+108k▲Obligasi 2T3.60%▼Obligasi 10T4.17%▼2s10s+57bp▲VIX24.70▲ DXY99.47-4.55%
    Sentimen pasarGuncangan tarif, risk-off
    Nasdaq 100+1.52% Long diunggulkan
    Institusi (CFTC COT)AM +39,720 · LF -26,356 04-29
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 3
  10. Mar2025
    Mar’25
    Tahan Netral FOMC
    Ketua FedPowellPresidenTrump
    4.25–4.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ditahan. QT diperlambat lagi mulai April; ketidakpastian prospek meningkat. · Dissent: Waller (on QT pace only)

    CPI (YoY)2.4%▼PCE inti2.6%▼Pengangguran4.2%■Nonfarm payrolls+67k▲Obligasi 2T3.89%▼Obligasi 10T4.23%▼2s10s+34bp▲VIX22.28▲ DXY104.21-3.16% Median SEP3.9% ’25 Reaksi hari keputusanEmas+0.01%NDX+1.30%
    Sentimen pasarWaspada ketidakpastian
    Nasdaq 100-7.69% Short diunggulkan
    Institusi (CFTC COT)AM +39,733 · LF -35,890 03-25
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  11. Feb2025
    Feb’25
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenTrump
    4.25–4.50%
    vs 1 bulan■ 0bp

    Risalah Januari: khawatir tarif dan perubahan kebijakan bisa memicu inflasi.

    CPI (YoY)2.8%▼PCE inti2.8%■Pengangguran4.2%▲Nonfarm payrolls+42k▲Obligasi 2T3.99%▼Obligasi 10T4.24%▼2s10s+25bp▼VIX19.63▲ DXY107.61-0.70%
    Sentimen pasarWaspada inflasi tarif
    Nasdaq 100-2.76% Short diunggulkan
    Institusi (CFTC COT)AM +58,532 · LF -27,871 02-25
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  12. Jan2025
    Jan’25
    Tahan Netral FOMC
    Ketua FedPowellPresidenBiden~1/20Trump1/20~
    4.25–4.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Pengangguran stabil, inflasi agak tinggi. Pelonggaran dijeda.

    CPI (YoY)3.0%▲PCE inti2.8%▼Pengangguran4.0%▼Nonfarm payrolls-48k▼Obligasi 2T4.22%▼Obligasi 10T4.58%■2s10s+36bp▲VIX16.43▼ DXY108.37-0.11% Reaksi hari keputusanEmas+0.08%NDX-0.24%
    Sentimen pasarMenunggu
    Nasdaq 100+2.22% Long diunggulkan
    Institusi (CFTC COT)AM +59,072 · LF -49,925 01-28
    Posisi riteln/a

    “In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2

20242024

  1. Des2024
    ▼Des’24
    Pangkas -25bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    4.25–4.50%
    vs keputusan sebelumnya▼ -25bpvs 1 bulan▼ -25bp

    Pangkas 25 bp; ditambahkan frasa "besaran dan waktu" penyesuaian berikutnya. · Dissent: Hammack preferred hold

    CPI (YoY)2.9%▲PCE inti2.9%■Pengangguran4.1%▼Nonfarm payrolls+237k▲Obligasi 2T4.25%▲Obligasi 10T4.58%▲2s10s+33bp▲VIX17.35▲ DXY108.49+2.60% Median SEP4.4% ’24 Reaksi hari keputusanEmas-0.33%NDX-3.60%
    Sentimen pasarPangkas bernada hawkish
    Nasdaq 100+0.39% Long diunggulkan
    Institusi (CFTC COT)AM +68,625 · LF -32,054 12-31
    Posisi riteln/a

    “To that end, today, the Federal Open Market Committee decided to take another step in reducing the degree of policy restraint by lowering our policy interest rate by ¼ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  2. Nov2024
    ▼Nov’24
    Pangkas -25bp Dovish FOMC
    Ketua FedPowellPresidenBiden
    4.50–4.75%
    vs keputusan sebelumnya▼ -25bpvs 1 bulan▼ -25bp

    Pangkas 25 bp lagi; pasar tenaga kerja secara umum melonggar.

    CPI (YoY)2.7%▲PCE inti2.9%■Pengangguran4.2%▲Nonfarm payrolls+134k▲Obligasi 2T4.13%▼Obligasi 10T4.18%▼2s10s+5bp▼VIX13.51▼ DXY105.74+1.69% Reaksi hari keputusanEmas+1.10%NDX+1.54%
    Sentimen pasarPangkas berlanjut, laju dipertanyakan
    Nasdaq 100+5.23% Long diunggulkan
    Institusi (CFTC COT)AM +76,184 · LF -44,934 11-26
    Posisi riteln/a

    “Today, the FOMC decided to take another step in reducing the degree of policy restraint by lowering our policy interest rate by ¼ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  3. Okt2024
    Okt’24
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    4.75–5.00%
    vs 1 bulan■ 0bp

    Risalah September: "mayoritas besar" mendukung pangkas 50 bp, meski pandangan terbelah.

    CPI (YoY)2.6%▲PCE inti2.9%▲Pengangguran4.1%■Nonfarm payrolls+33k▼Obligasi 2T4.16%▲Obligasi 10T4.28%▲2s10s+12bp▼VIX23.16▲ DXY103.98+3.18%
    Sentimen pasarHarapan pangkas bertahap
    Nasdaq 100-0.85% Short diunggulkan
    Institusi (CFTC COT)AM +69,191 · LF -42,330 10-29
    Posisi riteln/a

    “Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by ½ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  4. Sep2024
    ▼Sep’24
    Pangkas -50bp Dovish FOMC
    Ketua FedPowellPresidenBiden
    4.75–5.00%
    vs keputusan sebelumnya▼ -50bpvs 1 bulan▼ -50bp

    Pangkas pertama dalam lebih dari empat tahun: pangkas besar 50 bp saat inflasi mendekati 2%. · Dissent: Bowman preferred 25 bp

    CPI (YoY)2.4%▼PCE inti2.8%▼Pengangguran4.1%▼Nonfarm payrolls+155k▲Obligasi 2T3.66%▼Obligasi 10T3.81%▼2s10s+15bp▲VIX16.73▲ DXY100.78-0.90% Median SEP4.4% ’24 Reaksi hari keputusanEmas+0.24%NDX-0.45%
    Sentimen pasarSiklus pelonggaran dimulai (dovish)
    Nasdaq 100+2.48% Long diunggulkan
    Institusi (CFTC COT)AM +64,517 · LF -46,301 09-24
    Posisi riteln/a

    “Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by ½ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  5. Agu2024
    Agu’24
    Tahan Dovish Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs 1 bulan■ 0bp

    Di Jackson Hole, Powell berkata "sudah waktunya kebijakan disesuaikan", isyarat pangkas September.

    CPI (YoY)2.6%▼PCE inti2.9%▲Pengangguran4.2%■Nonfarm payrolls+9k▼Obligasi 2T3.91%▼Obligasi 10T3.91%▼2s10s0bp▲VIX15.00▼ DXY101.70-2.31%
    Sentimen pasarPangkas segera (dovish)
    Nasdaq 100+1.10% Long diunggulkan
    Institusi (CFTC COT)AM +72,841 · LF -47,616 08-27
    Posisi riteln/a

    “The time has come for policy to adjust.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  6. Jul2024
    Jul’24
    Tahan Netral FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Penambahan kerja melambat, pengangguran naik. Ditahan, memperhatikan risiko kedua mandat.

    CPI (YoY)2.9%▼PCE inti2.8%■Pengangguran4.2%▲Nonfarm payrolls+53k▼Obligasi 2T4.29%▼Obligasi 10T4.09%▼2s10s-20bp▲VIX16.36▲ DXY104.10-1.67% Reaksi hari keputusanEmas+0.89%NDX+3.01%
    Sentimen pasarPangkas September sudah diperhitungkan
    Nasdaq 100-1.63% Short diunggulkan
    Institusi (CFTC COT)AM +72,026 · LF -30,874 07-30
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  7. Jun2024
    Jun’24
    Tahan Netral FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    "Kemajuan lanjutan yang moderat" pada inflasi. Ditahan.

    CPI (YoY)3.0%▼PCE inti2.8%■Pengangguran4.1%▲Nonfarm payrolls+87k▲Obligasi 2T4.71%▼Obligasi 10T4.36%▼2s10s-35bp▲VIX12.44▼ DXY105.87+1.15% Median SEP5.1% ’24 Reaksi hari keputusanEmas+1.21%NDX+1.33%
    Sentimen pasarFokus pada waktu pangkas pertama
    Nasdaq 100+6.18% Long diunggulkan
    Institusi (CFTC COT)AM +87,833 · LF -40,408 06-25
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  8. Mei2024
    Mei’24
    Tahan Netral FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ditahan. Perlambatan pengurangan neraca (QT) mulai Juni diumumkan.

    CPI (YoY)3.2%▼PCE inti2.8%▼Pengangguran3.9%■Nonfarm payrolls+78k▲Obligasi 2T4.89%▼Obligasi 10T4.51%▼2s10s-38bp▼VIX12.92▼ DXY104.67-1.46% Reaksi hari keputusanEmas+0.35%NDX-0.70%
    Sentimen pasarKekhawatiran kenaikan mereda
    Nasdaq 100+6.28% Long diunggulkan
    Institusi (CFTC COT)AM +91,452 · LF -45,428 05-28
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings, though at a slower pace.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  9. Apr2024
    Apr’24
    Tahan Hawkish Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs 1 bulan■ 0bp

    Risalah Maret dan data inflasi yang lengket melemahkan keyakinan disinflasi.

    CPI (YoY)3.4%▼PCE inti3.0%▼Pengangguran3.9%■Nonfarm payrolls+64k▼Obligasi 2T5.04%▲Obligasi 10T4.69%▲2s10s-35bp▲VIX15.65▲ DXY106.22+1.60%
    Sentimen pasarKhawatir inflasi lengket (hawkish)
    Nasdaq 100-4.46% Short diunggulkan
    Institusi (CFTC COT)AM +74,176 · LF -51,299 04-30
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  10. Mar2024
    Mar’24
    Tahan Netral FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Lapangan kerja kuat, inflasi turun tapi masih tinggi. Ditahan.

    CPI (YoY)3.5%▲PCE inti3.1%▼Pengangguran3.9%■Nonfarm payrolls+228k▲Obligasi 2T4.59%▼Obligasi 10T4.20%▼2s10s-39bp■VIX13.01▼ DXY104.55+0.37% Median SEP4.6% ’24 Reaksi hari keputusanEmas+0.06%NDX+1.15%
    Sentimen pasarPandangan pangkas akhir tahun bertahan
    Nasdaq 100+1.17% Long diunggulkan
    Institusi (CFTC COT)AM +83,195 · LF -46,242 03-26
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  11. Feb2024
    Feb’24
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs 1 bulan■ 0bp

    Risalah Januari: pejabat waspada memangkas terlalu cepat; taruhan pangkas Maret memudar.

    CPI (YoY)3.2%▲PCE inti3.2%■Pengangguran3.9%▲Nonfarm payrolls+206k▲Obligasi 2T4.64%▲Obligasi 10T4.25%▲2s10s-39bp▼VIX13.40▼ DXY104.16+0.86%
    Sentimen pasarTaruhan pangkas surut, aset berisiko kokoh
    Nasdaq 100+5.29% Long diunggulkan
    Institusi (CFTC COT)AM +93,401 · LF -47,714 02-27
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  12. Jan2024
    Jan’24
    Tahan Netral FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Pertumbuhan solid, inflasi melandai. Frasa bias pengetatan dihapus; tidak terburu-buru memangkas.

    CPI (YoY)3.1%▼PCE inti3.2%■Pengangguran3.7%▼Nonfarm payrolls+175k▲Obligasi 2T4.27%▲Obligasi 10T3.99%▲2s10s-28bp▲VIX14.35▲ DXY103.27+1.91% Reaksi hari keputusanEmas+0.83%NDX-1.94%
    Sentimen pasarHarapan pangkas dini surut
    Nasdaq 100+1.85% Long diunggulkan
    Institusi (CFTC COT)AM +97,393 · LF -26,655 01-30
    Posisi riteln/a

    “Today, the FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2

20232023

  1. Des2023
    Des’23
    Tahan Dovish FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Pertumbuhan melambat; inflasi turun tapi masih tinggi. Ditahan, proyeksi menunjukkan pangkas 2024.

    CPI (YoY)3.3%▲PCE inti3.2%▼Pengangguran3.8%▲Nonfarm payrolls+154k▲Obligasi 2T4.23%▼Obligasi 10T3.88%▼2s10s-35bp▲VIX12.45▼ DXY101.33-2.10% Median SEP5.4% ’23 Reaksi hari keputusanEmas+0.21%NDX+1.27%
    Sentimen pasarHarapan pangkas meluas (dovish)
    Nasdaq 100+5.51% Long diunggulkan
    Institusi (CFTC COT)AM +90,636 · LF -44,442 12-26
    Posisi riteln/a

    “We’ve raised our policy interest rate by 5¼ percentage points and have continued to reduce our securities holdings at a brisk pace.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  2. Nov2023
    Nov’23
    Tahan Netral FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnyavs 1 bulan■ 0bp

    Pertumbuhan Q3 "kuat", lapangan kerja solid, inflasi masih tinggi. Ditahan agar tetap ketat.

    CPI (YoY)3.1%▼PCE inti3.4%▼Pengangguran3.7%▼Nonfarm payrolls+127k▼Obligasi 2T4.73%▼Obligasi 10T4.37%▼2s10s-36bp▼VIX12.92▼ DXY103.50-2.96% Reaksi hari keputusanEmas-0.34%NDX+1.77%
    Sentimen pasarWaspada suku bunga tinggi lebih lama
    Nasdaq 100+10.67% Long diunggulkan
    Institusi (CFTC COT)AM +95,326 · LF -2,133 11-28
    Posisi riteln/a

    “We have raised our policy interest rate by 5¼ percentage points and have continued to reduce our securities holdings at a brisk pace.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  3. Okt2023
    Okt’23
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs 1 bulan■ 0bp

    Risalah September dirilis; imbal hasil jangka panjang melonjak, Fed beralih "tunggu dan lihat" soal kenaikan.

    CPI (YoY)3.3%▼PCE inti3.6%▼Pengangguran3.9%▲Nonfarm payrolls+159k▲Obligasi 2T5.07%▲Obligasi 10T4.88%▲2s10s-19bp▲VIX18.14▲ DXY106.66+0.46%
    Sentimen pasarCemas suku bunga tinggi lebih lama
    Nasdaq 100-2.08% Short diunggulkan
    Institusi (CFTC COT)AM +45,683 · LF -8,572 10-31
    Posisi riteln/a

    “The Committee decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  4. Sep2023
    Sep’23
    Tahan Netral FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Ditahan; satu kenaikan lagi masih diproyeksikan tahun ini dan pemangkasan 2024 dikurangi.

    CPI (YoY)3.7%■PCE inti3.7%▼Pengangguran3.7%■Nonfarm payrolls+156k▼Obligasi 2T5.03%▲Obligasi 10T4.59%▲2s10s-44bp▲VIX17.52▲ DXY106.17+2.46% Median SEP5.6% ’23 Reaksi hari keputusanEmas+0.69%NDX-1.46%
    Sentimen pasarWaspada suku bunga tinggi lebih lama
    Nasdaq 100-5.07% Short diunggulkan
    Institusi (CFTC COT)AM +58,523 · LF -28,192 09-26
    Posisi riteln/a

    “Today, we decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  5. Agu2023
    Agu’23
    Tahan Hawkish Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs 1 bulan■ 0bp

    Di Jackson Hole Powell berkata Fed 'siap menaikkan suku bunga lagi jika tepat'; yield 10 tahun di level tertinggi sejak 2007.

    CPI (YoY)3.7%▲PCE inti3.8%▼Pengangguran3.7%▲Nonfarm payrolls+218k▲Obligasi 2T4.85%▼Obligasi 10T4.09%▲2s10s-76bp▲VIX13.57▼ DXY103.62+1.73%
    Sentimen pasarSuku bunga tinggi lebih lama (hawkish)
    Nasdaq 100-1.62% Short diunggulkan
    Institusi (CFTC COT)AM +63,454 · LF -27,040 08-29
    Posisi riteln/a

    “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  6. Jul2023
    ▲Jul’23
    Naik +25bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    5.25–5.50%
    vs keputusan sebelumnya▲ +25bpvs 1 bulan▲ +25bp

    Naik 25 bp ke level tertinggi 22 tahun (5,25–5,50%), peluang kenaikan lagi tetap terbuka.

    CPI (YoY)3.3%▲PCE inti4.2%▼Pengangguran3.5%▼Nonfarm payrolls+163k▼Obligasi 2T4.88%▲Obligasi 10T3.97%▲2s10s-91bp▲VIX13.63▲ DXY101.86-1.02% Reaksi hari keputusanEmas+0.33%NDX-0.40%
    Sentimen pasarPuncak suku bunga dekat
    Nasdaq 100+3.81% Long diunggulkan
    Institusi (CFTC COT)AM +63,713 · LF -40,165 07-25
    Posisi riteln/a

    “Despite elevated inflation, longer-term inflation expectations appear to remain well anchored, as reflected in a broad range of surveys of households, businesses, and forecasters, as well as measures from financial markets.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  7. Jun2023
    Jun’23
    Tahan Hawkish FOMC
    Ketua FedPowellPresidenBiden
    5.00–5.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Jeda pertama setelah 10 kenaikan; dot plot mengisyaratkan dua kenaikan lagi tahun ini.

    CPI (YoY)3.1%▼PCE inti4.4%▼Pengangguran3.6%■Nonfarm payrolls+225k▼Obligasi 2T4.87%▲Obligasi 10T3.81%▲2s10s-106bp▼VIX13.59▼ DXY102.91-1.35% Median SEP5.6% ’23 Reaksi hari keputusanEmas+0.53%NDX+0.70%
    Sentimen pasarJeda hawkish
    Nasdaq 100+6.49% Long diunggulkan
    Institusi (CFTC COT)AM +64,759 · LF -25,634 06-27
    Posisi riteln/a

    “Looking ahead, nearly all Committee participants view it as likely that some further rate increases will be appropriate this year to bring inflation down to 2 percent over time.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  8. Mei2023
    ▲Mei’23
    Naik +25bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    5.00–5.25%
    vs keputusan sebelumnya▲ +25bpvs 1 bulan▲ +25bp

    Kenaikan ke-10 berturut-turut (25 bp); frasa perkiraan kenaikan lanjutan dihapus, membuka peluang jeda.

    CPI (YoY)4.1%▼PCE inti4.8%▼Pengangguran3.6%▲Nonfarm payrolls+280k▲Obligasi 2T4.40%▲Obligasi 10T3.64%▲2s10s-76bp▼VIX17.94▲ DXY104.32+2.61% Reaksi hari keputusanEmas+0.68%NDX-0.64%
    Sentimen pasarAkhir kenaikan terlihat
    Nasdaq 100+7.61% Long diunggulkan
    Institusi (CFTC COT)AM +64,444 · LF -45,016 05-30
    Posisi riteln/a

    “Since early last year, we have raised interest rates by a total of 5 percentage points in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  9. Apr2023
    Apr’23
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    4.75–5.00%
    vs 1 bulan■ 0bp

    Risalah Maret: staf Fed memproyeksikan 'resesi ringan' akhir tahun setelah gejolak perbankan.

    CPI (YoY)5.0%▲PCE inti4.9%■Pengangguran3.4%▼Nonfarm payrolls+241k▲Obligasi 2T4.04%▼Obligasi 10T3.44%▼2s10s-60bp▼VIX15.78▼ DXY101.67-0.82%
    Sentimen pasarKekhawatiran resesi
    Nasdaq 100+0.49% Long diunggulkan
    Institusi (CFTC COT)AM +41,150 · LF -35,992 04-25
    Posisi riteln/a

    “Inflation has moderated somewhat since the middle of last year, but the strength of these recent readings indicates that inflation pressures continue to run high.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  10. Mar2023
    ▲Mar’23
    Naik +25bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    4.75–5.00%
    vs keputusan sebelumnya▲ +25bpvs 1 bulan▲ +25bp

    Naik 25 bp meski bank seperti SVB runtuh; panduan melunak menjadi 'pengetatan tambahan mungkin tepat'.

    CPI (YoY)4.9%▼PCE inti4.9%■Pengangguran3.5%▼Nonfarm payrolls+68k▼Obligasi 2T4.06%▼Obligasi 10T3.48%▼2s10s-58bp▲VIX18.70▼ DXY102.51-2.25% Median SEP5.1% ’23 Reaksi hari keputusanEmas+0.44%NDX-1.37%
    Sentimen pasarTekanan perbankan, risk-off
    Nasdaq 100+9.46% Long diunggulkan
    Institusi (CFTC COT)AM +24,320 · LF -40,894 03-28
    Posisi riteln/a

    “Inflation has moderated somewhat since the middle of last year, but the strength of these recent readings indicates that inflation pressures continue to run high.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  11. Feb2023
    ▲Feb’23
    Naik +25bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    4.50–4.75%
    vs keputusan sebelumnya▲ +25bpvs 1 bulan▲ +25bp

    Naik 25 bp, laju melambat; frasa 'kenaikan berkelanjutan' dipertahankan, Powell sebut disinflasi telah dimulai.

    CPI (YoY)6.0%▼PCE inti4.9%▼Pengangguran3.6%▲Nonfarm payrolls+290k▼Obligasi 2T4.81%▲Obligasi 10T3.92%▲2s10s-89bp▼VIX20.70▲ DXY104.87+2.71% Reaksi hari keputusanEmas+0.69%NDX+2.16%
    Sentimen pasarMelambat tapi tetap hawkish
    Nasdaq 100-0.49% Short diunggulkan
    Institusi (CFTC COT)AM +24,183 · LF -31,196 02-28
    Posisi riteln/a

    “We continue to anticipate that ongoing increases will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  12. Jan2023
    Jan’23
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    4.25–4.50%
    vs 1 bulan■ 0bp

    Risalah Desember: kenaikan melambat, tetapi tak ada pejabat yang memperkirakan pemangkasan pada 2023.

    CPI (YoY)6.3%▼PCE inti5.0%▼Pengangguran3.5%■Nonfarm payrolls+434k▲Obligasi 2T4.21%▼Obligasi 10T3.52%▼2s10s-69bp▼VIX19.40▼ DXY102.10-1.37%
    Sentimen pasarHarapan laju lebih lambat
    Nasdaq 100+10.62% Long diunggulkan
    Institusi (CFTC COT)AM +38,031 · LF -28,329 01-31
    Posisi riteln/a

    “In light of the cumulative tightening of monetary policy and the lags with which monetary policy affects economic activity and inflation, the Committee decided to raise interest rates by 50 basis points today, a step-down from the 75 basis point pace seen over the previous four meetings.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1

20222022

  1. Des2022
    ▲Des’22
    Naik +50bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    4.25–4.50%
    vs keputusan sebelumnya▲ +50bpvs 1 bulan▲ +50bp

    Pace slows to 50bp; dots show 5.1% for 2023

    CPI (YoY)6.4%▼PCE inti5.1%▼Pengangguran3.5%▼Nonfarm payrolls+100k▼Obligasi 2T4.41%▲Obligasi 10T3.88%▲2s10s-53bp▲VIX21.67▲ DXY103.52-2.29% Median SEP4.4% ’22 Reaksi hari keputusanEmas-0.37%NDX-0.79%
    Sentimen pasarHawkish slowdown
    Nasdaq 100-9.06% Short diunggulkan
    Institusi (CFTC COT)AM +9,385 · LF -15,305 12-27
    Posisi riteln/a

    “Today, the FOMC raised our policy interest rate by ½ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  2. Nov2022
    ▲Nov’22
    Naik +75bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    3.75–4.00%
    vs keputusan sebelumnya▲ +75bpvs 1 bulan▲ +75bp

    Fourth 75bp hike; slower steps ahead but a higher peak rate

    CPI (YoY)7.1%▼PCE inti5.3%▼Pengangguran3.6%■Nonfarm payrolls+303k▼Obligasi 2T4.38%▼Obligasi 10T3.68%▼2s10s-70bp▼VIX20.58▼ DXY105.95-5.00% Reaksi hari keputusanEmas+0.02%NDX-3.39%
    Sentimen pasarHawkish downshift
    Nasdaq 100+5.48% Long diunggulkan
    Institusi (CFTC COT)AM +15,816 · LF -30,479 11-29
    Posisi riteln/a

    “Today, the FOMC raised our policy interest rate by 75 basis points.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  3. Okt2022
    Okt’22
    Tahan Hawkish Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    3.00–3.25%
    vs 1 bulan■ 0bp

    UK gilt turmoil; September CPI still at 8.2%

    CPI (YoY)7.8%▼PCE inti5.5%▼Pengangguran3.6%▲Nonfarm payrolls+357k▲Obligasi 2T4.51%▲Obligasi 10T4.10%▲2s10s-41bp▼VIX25.88▼ DXY111.53-0.53%
    Sentimen pasarHawkish, stress watch
    Nasdaq 100+3.96% Long diunggulkan
    Institusi (CFTC COT)AM +7,481 · LF -33,264 10-25
    Posisi riteln/a

    “Today the FOMC raised its policy interest rate by ¾ percentage point, and we anticipate that ongoing increases will be appropriate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  4. Sep2022
    ▲Sep’22
    Naik +75bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    3.00–3.25%
    vs keputusan sebelumnya▲ +75bpvs 1 bulan▲ +75bp

    Third 75bp hike; dots point to 4.4% by year-end

    CPI (YoY)8.2%■PCE inti5.6%▲Pengangguran3.5%▼Nonfarm payrolls+220k▼Obligasi 2T4.22%▲Obligasi 10T3.83%▲2s10s-39bp▼VIX31.62▲ DXY112.12+3.15% Median SEP4.4% ’22 Reaksi hari keputusanEmas+0.28%NDX-1.80%
    Sentimen pasarHawkish: higher for longer
    Nasdaq 100-10.60% Short diunggulkan
    Institusi (CFTC COT)AM -10,694 · LF -32,027 09-27
    Posisi riteln/a

    “Today the FOMC raised its policy interest rate by ¾ percentage point, and we anticipate that ongoing increases will be appropriate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  5. Agu2022
    Agu’22
    Tahan Hawkish Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    2.25–2.50%
    vs 1 bulan■ 0bp

    Jackson Hole: taming inflation will bring some pain; markets slide

    CPI (YoY)8.2%▼PCE inti5.4%▲Pengangguran3.6%▲Nonfarm payrolls+290k▼Obligasi 2T3.45%▲Obligasi 10T3.15%▲2s10s-30bp▼VIX25.87▲ DXY108.70+2.64%
    Sentimen pasarHawkish: pain ahead
    Nasdaq 100-5.22% Short diunggulkan
    Institusi (CFTC COT)AM +24,990 · LF -38,085 08-30
    Posisi riteln/a

    “Reducing inflation is likely to require a sustained period of below-trend growth.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  6. Jul2022
    ▲Jul’22
    Naik +75bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    2.25–2.50%
    vs keputusan sebelumnya▲ +75bpvs 1 bulan▲ +75bp

    Second straight 75bp hike; negative Q2 GDP fuels recession debate

    CPI (YoY)8.5%▼PCE inti5.2%▼Pengangguran3.5%▼Nonfarm payrolls+714k▲Obligasi 2T2.89%▼Obligasi 10T2.67%▼2s10s-22bp▼VIX21.33▼ DXY105.90+1.16% Reaksi hari keputusanEmas+0.08%NDX+4.26%
    Sentimen pasarHawkish, peak-rate hopes
    Nasdaq 100+12.55% Long diunggulkan
    Institusi (CFTC COT)AM +23,359 · LF -36,790 07-26
    Posisi riteln/a

    “Against this backdrop, today the FOMC raised its policy interest rate by ¾ of a percentage point and anticipates that ongoing increases in the target range for the federal funds rate will be appropriate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  7. Jun2022
    ▲Jun’22
    Naik +75bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    1.50–1.75%
    vs keputusan sebelumnya▲ +75bpvs 1 bulan▲ +75bp

    75bp hike, the largest since 1994, after May CPI hit 8.6% · Dissent: George (preferred 50bp)

    CPI (YoY)9.0%▲PCE inti5.3%▲Pengangguran3.6%■Nonfarm payrolls+434k▲Obligasi 2T2.92%▲Obligasi 10T2.98%▲2s10s+6bp▼VIX28.71▲ DXY104.69+2.89% Median SEP3.4% ’22 Reaksi hari keputusanEmas+0.34%NDX+2.49%
    Sentimen pasarHawkish: 75bp shock
    Nasdaq 100-9.00% Short diunggulkan
    Institusi (CFTC COT)AM +20,732 · LF -18,990 06-28
    Posisi riteln/a

    “Against this backdrop, today the Federal Open Market Committee raised its policy interest rate by ¾ percentage point and anticipates that ongoing increases in that rate will be appropriate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  8. Mei2022
    ▲Mei’22
    Naik +50bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    0.75–1.00%
    vs keputusan sebelumnya▲ +50bpvs 1 bulan▲ +50bp

    50bp hike; balance-sheet runoff (QT) to start in June

    CPI (YoY)8.5%▲PCE inti5.2%▼Pengangguran3.6%▼Nonfarm payrolls+301k▼Obligasi 2T2.53%▼Obligasi 10T2.85%▼2s10s+32bp▲VIX26.19▼ DXY101.75-1.18% Reaksi hari keputusanEmas-0.10%NDX+3.41%
    Sentimen pasarHawkish acceleration
    Nasdaq 100-1.65% Short diunggulkan
    Institusi (CFTC COT)AM +22,204 · LF -31,867 05-31
    Posisi riteln/a

    “Against this backdrop, today the FOMC raised its policy interest rate by ½ percentage point and anticipates that ongoing increases in the target rate for the federal funds rate will be appropriate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  9. Apr2022
    Apr’22
    Tahan Hawkish Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    0.25–0.50%
    vs 1 bulan■ 0bp

    March CPI at 8.5%; Powell says a 50bp move is on the table for May

    CPI (YoY)8.2%▼PCE inti5.3%▼Pengangguran3.7%■Nonfarm payrolls+308k▼Obligasi 2T2.70%▲Obligasi 10T2.89%▲2s10s+19bp▲VIX33.40▲ DXY102.96+4.73%
    Sentimen pasarHawkish: 50bp flagged
    Nasdaq 100-13.37% Short diunggulkan
    Institusi (CFTC COT)AM +22,964 · LF -11,359 04-26
    Posisi riteln/a

    “Today, in support of these goals, the FOMC raised its policy interest rate by ¼ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  10. Mar2022
    ▲Mar’22
    Naik +25bp Hawkish FOMC
    Ketua FedPowellPresidenBiden
    0.25–0.50%
    vs keputusan sebelumnya▲ +25bpvs 1 bulan▲ +25bp

    First hike in over three years, 25bp, with several more signaled for the year · Dissent: Bullard (preferred 50bp)

    CPI (YoY)8.6%▲PCE inti5.6%■Pengangguran3.7%▼Nonfarm payrolls+490k▼Obligasi 2T2.28%▲Obligasi 10T2.32%▲2s10s+4bp▼VIX20.56▼ DXY98.31+1.65% Median SEP1.9% ’22 Reaksi hari keputusanEmas-1.06%NDX+3.70%
    Sentimen pasarHawkish: cycle begins
    Nasdaq 100+4.22% Long diunggulkan
    Institusi (CFTC COT)AM +25,584 · LF -54,727 03-29
    Posisi riteln/a

    “Today, in support of these goals, the FOMC raised its policy interest rate by ¼ percentage point.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  11. Feb2022
    Feb’22
    Tahan Hawkish Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs 1 bulan■ 0bp

    Russia invades Ukraine; January CPI hits 7.5%, a 40-year high

    CPI (YoY)7.9%▲PCE inti5.6%▲Pengangguran3.9%▼Nonfarm payrolls+819k▲Obligasi 2T1.44%▲Obligasi 10T1.83%▲2s10s+39bp▼VIX30.15▲ DXY96.71+0.18%
    Sentimen pasarHawkish amid war risk
    Nasdaq 100-4.64% Short diunggulkan
    Institusi (CFTC COT)AM -2,530 · LF -1,192 02-22
    Posisi riteln/a

    “Today, in support of these goals, the Federal Open Market Committee kept its policy interest rate near zero and stated its expectation that an increase in this rate would soon be appropriate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  12. Jan2022
    Jan’22
    Tahan Hawkish FOMC
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Held; a rate increase "would soon be appropriate", March hike flagged

    CPI (YoY)7.6%▲PCE inti5.3%▲Pengangguran4.0%▲Nonfarm payrolls+190k▼Obligasi 2T1.18%▲Obligasi 10T1.79%▲2s10s+61bp▼VIX24.83▲ DXY96.54+0.91% Reaksi hari keputusanEmas-1.23%NDX+0.17%
    Sentimen pasarHawkish signal
    Nasdaq 100-8.52% Short diunggulkan
    Institusi (CFTC COT)AM +17,848 · LF +13,785 01-25
    Posisi riteln/a

    “Today, in support of these goals, the Federal Open Market Committee kept its policy interest rate near zero and stated its expectation that an increase in this rate would soon be appropriate.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2

20212021

  1. Des2021
    Des’21
    Tahan Hawkish FOMC
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Taper pace doubled; dots signal three hikes in 2022

    CPI (YoY)7.2%▲PCE inti5.1%▲Pengangguran3.9%▼Nonfarm payrolls+586k▼Obligasi 2T0.73%▲Obligasi 10T1.52%▲2s10s+79bp▼VIX17.22▼ DXY95.67-0.33% Median SEP0.1% ’21 Reaksi hari keputusanEmas-0.44%NDX+2.35%
    Sentimen pasarHawkish pivot
    Nasdaq 100+1.14% Long diunggulkan
    Institusi (CFTC COT)AM +37,255 · LF -16,103 12-28
    Posisi riteln/a

    “Today, in support of these goals, the Federal Open Market Committee kept interest rates near zero and updated its assessment of the progress that the economy has made toward the criteria specified in the Committee’s forward guidance for interest rates.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  2. Nov2021
    Nov’21
    Tahan Hawkish FOMC
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Held; tapering of asset purchases begins at $15bn a month

    CPI (YoY)6.9%▲PCE inti4.8%▲Pengangguran4.1%▼Nonfarm payrolls+658k▼Obligasi 2T0.52%▲Obligasi 10T1.43%▼2s10s+91bp▼VIX27.19▲ DXY95.99+1.99% Reaksi hari keputusanEmas-1.43%NDX+1.08%
    Sentimen pasarHawkish first step
    Nasdaq 100+1.80% Long diunggulkan
    Institusi (CFTC COT)AM +39,211 · LF -7,273 11-30
    Posisi riteln/a

    “Today, the FOMC kept interest rates near zero and, in light of the progress the economy has made toward our goals, decided to begin reducing the pace of asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  3. Okt2021
    Okt’21
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs 1 bulan■ 0bp

    Inflation stays above 5%; a November taper start is fully expected

    CPI (YoY)6.2%▲PCE inti4.4%▲Pengangguran4.5%▼Nonfarm payrolls+801k▲Obligasi 2T0.48%▲Obligasi 10T1.55%▲2s10s+107bp▼VIX16.26▼ DXY94.12-0.14%
    Sentimen pasarTaper imminent
    Nasdaq 100+7.90% Long diunggulkan
    Institusi (CFTC COT)AM +26,708 · LF -5,862 10-26
    Posisi riteln/a

    “Today, the Federal Open Market Committee kept interest rates near zero and maintained our current pace of asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  4. Sep2021
    Sep’21
    Tahan Hawkish FOMC
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Held; taper "may soon be warranted", half of officials see a 2022 hike

    CPI (YoY)5.4%▲PCE inti3.9%■Pengangguran4.7%▼Nonfarm payrolls+457k▼Obligasi 2T0.28%▲Obligasi 10T1.52%▲2s10s+124bp▲VIX23.14▲ DXY94.25+1.75% Median SEP0.1% ’21 Reaksi hari keputusanEmas+0.03%NDX+0.99%
    Sentimen pasarHawkish tilt
    Nasdaq 100-5.73% Short diunggulkan
    Institusi (CFTC COT)AM +24,635 · LF -25,792 09-28
    Posisi riteln/a

    “Today, the Federal Open Market Committee kept interest rates near zero and maintained our current pace of asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  5. Agu2021
    Agu’21
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs 1 bulan■ 0bp

    Jackson Hole: tapering could start this year, rate hikes a separate test

    CPI (YoY)5.2%■PCE inti3.9%▲Pengangguran5.1%▼Nonfarm payrolls+552k▼Obligasi 2T0.20%▲Obligasi 10T1.30%▲2s10s+110bp▲VIX16.48▼ DXY92.63+0.50%
    Sentimen pasarTaper soon, hikes later
    Nasdaq 100+4.16% Long diunggulkan
    Institusi (CFTC COT)AM +20,688 · LF -32,275 08-31
    Posisi riteln/a

    “At the FOMC's recent July meeting, I was of the view, as were most participants, that if the economy evolved broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  6. Jul2021
    Jul’21
    Tahan Dovish FOMC
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Held; Fed notes progress toward taper criteria amid Delta-variant worries

    CPI (YoY)5.2%▼PCE inti3.8%■Pengangguran5.4%▼Nonfarm payrolls+942k▲Obligasi 2T0.19%▼Obligasi 10T1.24%▼2s10s+105bp▼VIX18.24▲ DXY92.17-0.29% Reaksi hari keputusanEmas-0.01%NDX+0.41%
    Sentimen pasarDovish patience
    Nasdaq 100+2.78% Long diunggulkan
    Institusi (CFTC COT)AM +16,019 · LF -27,978 07-27
    Posisi riteln/a

    “Today the Federal Open Market Committee kept interest rates near zero and maintained our asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  7. Jun2021
    Jun’21
    Tahan Hawkish FOMC
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Dots now show two hikes in 2023, a more hawkish turn than expected

    CPI (YoY)5.3%▲PCE inti3.8%▲Pengangguran5.9%▲Nonfarm payrolls+755k▲Obligasi 2T0.25%▲Obligasi 10T1.45%▼2s10s+120bp▼VIX15.83▼ DXY92.44+2.68% Median SEP0.1% ’21 Reaksi hari keputusanEmas+0.27%NDX-0.34%
    Sentimen pasarHawkish surprise
    Nasdaq 100+6.34% Long diunggulkan
    Institusi (CFTC COT)AM +11,430 · LF -15,944 06-29
    Posisi riteln/a

    “Today the Federal Open Market Committee kept interest rates near zero and maintained our asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  8. Mei2021
    Mei’21
    Tahan Netral Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs 1 bulan■ 0bp

    April CPI jumps to 4.2%; "transitory inflation" debate heats up

    CPI (YoY)4.9%▲PCE inti3.4%▲Pengangguran5.8%▼Nonfarm payrolls+478k▲Obligasi 2T0.14%▼Obligasi 10T1.58%▼2s10s+144bp▼VIX16.76▼ DXY90.03-1.37%
    Sentimen pasarTransitory debate
    Nasdaq 100-1.26% Short diunggulkan
    Institusi (CFTC COT)AM -163 · LF -25,671 05-25
    Posisi riteln/a

    “Today my colleagues on the FOMC and I kept interest rates near zero and maintained our sizable asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 3
  9. Apr2021
    Apr’21
    Tahan Dovish FOMC
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Held; Powell says the economy is far from goals, not yet time to discuss taper

    CPI (YoY)4.1%▲PCE inti3.1%▲Pengangguran6.1%■Nonfarm payrolls+355k▼Obligasi 2T0.16%■Obligasi 10T1.65%▼2s10s+149bp▼VIX18.61▼ DXY91.28-2.09% Reaksi hari keputusanEmas-0.28%NDX-0.42%
    Sentimen pasarDovish patience
    Nasdaq 100+5.88% Long diunggulkan
    Institusi (CFTC COT)AM +17,533 · LF -19,965 04-27
    Posisi riteln/a

    “Today my colleagues on the FOMC and I kept interest rates near zero and maintained our sizable asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 1
  10. Mar2021
    Mar’21
    Tahan Dovish FOMC
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Dot-plot median shows no hike through 2023; growth outlook raised

    CPI (YoY)2.7%▲PCE inti2.1%▲Pengangguran6.1%▼Nonfarm payrolls+852k▲Obligasi 2T0.16%▲Obligasi 10T1.74%▲2s10s+158bp▲VIX19.40▼ DXY93.23+2.53% Median SEP0.1% ’21 Reaksi hari keputusanEmas-0.22%NDX+0.38%
    Sentimen pasarDovish: no hikes signaled
    Nasdaq 100+1.41% Long diunggulkan
    Institusi (CFTC COT)AM +9,694 · LF -38,723 03-30
    Posisi riteln/a

    “Today the FOMC kept interest rates near zero and maintained our sizable asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 3
  11. Feb2021
    Feb’21
    Tahan Dovish Tanpa rapat · suku bunga tetap
    Ketua FedPowellPresidenBiden
    0.00–0.25%
    vs 1 bulan■ 0bp

    Treasury yields jump on reflation bets; Fed says it is too early to talk taper

    CPI (YoY)1.7%▲PCE inti1.6%■Pengangguran6.2%▼Nonfarm payrolls+517k▲Obligasi 2T0.14%▲Obligasi 10T1.44%▲2s10s+130bp▲VIX27.95▼ DXY90.93+0.39%
    Sentimen pasarDovish Fed vs rising yields
    Nasdaq 100-0.12% Short diunggulkan
    Institusi (CFTC COT)AM +22,597 · LF -51,848 02-23
    Posisi riteln/a

    “Today my colleagues on the FOMC and I kept interest rates near zero and maintained our sizable asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2
  12. Jan2021
    Jan’21
    Tahan Dovish FOMC
    Ketua FedPowellPresidenTrump~1/20Biden1/20~
    0.00–0.25%
    vs keputusan sebelumnya■ 0bpvs 1 bulan■ 0bp

    Held at 0–0.25%; $120bn a month of asset purchases kept

    CPI (YoY)1.4%PCE inti1.6%Pengangguran6.4%Nonfarm payrolls+315kObligasi 2T0.11%Obligasi 10T1.11%2s10s+100bpVIX33.09 DXY90.58+0.71% Reaksi hari keputusanEmas-0.32%NDX-2.80%
    Sentimen pasarDovish: full support
    Nasdaq 100+0.29% Long diunggulkan
    Institusi (CFTC COT)AM +55,944 · LF -54,745 01-26
    Posisi riteln/a

    “Today my colleagues on the FOMC and I kept interest rates near zero and maintained our sizable asset purchases.”

    Selengkapnya · data pasar
    Selengkapnya · Peristiwa besar dunia 2

FAQ

Berapa suku bunga Fed AS saat ini?

Menurut pernyataan FOMC terbaru, kisaran target adalah 3.75–4.00%.

Berapa tertinggi dan terendah 3 tahun?

Tertinggi 5.25–5.50%, terendah 0.00–0.25%.

Dari mana datanya?

Suku bunga dan kutipan dari federalreserve.gov, harga dari penutupan harian Yahoo Finance, posisi dari laporan CFTC COT. FRED (St. Louis Fed) for CPI, core PCE, unemployment, payrolls, 2Y/10Y yields and VIX.

Seberapa penting pemangkasan suku bunga?

Pemangkasan suku bunga Fed menurunkan imbal hasil kas dolar, biasanya berarti dolar melemah, emas (tanpa bunga) menguat, saham pertumbuhan seperti Nasdaq terdukung oleh tingkat diskonto yang lebih rendah, imbal hasil obligasi jangka pendek turun, dan pinjaman bunga mengambang lebih murah. Hasilnya bergantung pada alasan pemangkasan. Menurut data halaman ini, pada bulan pemangkasan 50bp tanggal 18 Sep 2024, indeks dolar −0,9%, emas +5,21%, dan Nasdaq 100 +2,48%, sementara imbal hasil 2 tahun turun dari 3,91% di akhir Agustus menjadi 3,66% di akhir September. Pemangkasan karena resesi tetap bisa diiringi saham yang lemah, jadi baca pernyataan dan dot plot bersama besarnya langkah.

→ Baca selengkapnya: Seberapa penting pemangkasan suku bunga? (blog)

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© Foto: potret resmi The Fed dan Gedung Putih (domain publik) · Wikimedia Commons
Sumber: Federal Reserve (statements, press conferences, minutes, SEP) · FRED: CPIAUCSL, PCEPILFE, UNRATE, PAYEMS, DGS2, DGS10, T10Y2Y, VIXCLS · CFTC COT (TFF, Nasdaq Mini 209742) · Yahoo Finance daily closes (GC=F, CL=F, ^NDX, QQQ, GLD, USO, DX-Y.NYB) · Reuters, CNBC, AP, Bloomberg. Data makro = bulan referensi (dirilis bulan berikutnya). Analisis, bukan saran investasi. Diperbarui: 2026-10-15