Rilis data ekonomi US

❌ Core PCE Price Index MoM Dec = 0,4% (vs previous 0,2%, vs consensus 0,3%)
❌ PCE Price Index MoM Dec = 0,4% (vs previous 0,2%, vs consensus 0,3%)
❌ Core PCE Price Index YoY Dec = 3% (vs previous 2,8%, vs consensus 2,9%)
❌ PCE Price Index YoY Dec = 2,9% (vs previous and consensus 2,8%)
➖ Core PCE Prices QoQ Q4 Adv = 2,7% (vs previous 2,9%, vs consensus 2,6%)
❌ PCE Prices QoQ Q4 Adv = 2,9% (vs previous and consensus 2,8%)

✅ Personal Income MoM Dec = 0,3% (vs previous 0,4%, vs consensus 0,3%)
➖ Personal Spending MoM Dec = 0,4% (vs previous and consensus 0,4%)

✅ GDP Growth Rate QoQ Q4 Adv = 1,4% (vs previous 4,4%, vs consensus 3%)
❌ GDP Price Index QoQ Q4 Adv = 3,7% (vs previous 3,7%, vs consensus 2,8%)
✅ GDP Sales QoQ Q4 Adv = 1,2% (vs previous 4,5%)
✅ Real Consumer Spending QoQ Q4 Adv = 2,4% (vs previous 3,5%)

Inflasi PCE US naik lagi di atas ekspektasi, namun di sisi lain pertumbuhan ekonomi US justru melemah di bawah ekspektasi.

Risiko ekonomi US mengalami stagflasi kembali menyeruak. Inflasi sulit turun tapi ekonomi melambat.

Perkembangan demikian masih memerlukan kebijakan Fed Funds Rate yang ketat.
Dan kalaupun keputusan cut rate diambil, lebih dikarenakan kondisi darurat untuk mencegah pemburukan terlalu parah.

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