Core Insights - The Indonesian Ministry of Finance's 2026 fiscal plan will prioritize food security, energy security, and economic stability [1] Group 1 - The focus on food security indicates a strategic response to potential supply chain disruptions and rising food prices [1] - Emphasis on energy security suggests a commitment to ensuring reliable energy sources amid global energy market fluctuations [1] - The plan aims to enhance overall economic stability, which may involve measures to mitigate inflation and support sustainable growth [1]

Core Viewpoint - The Federal Reserve's Williams emphasizes that without price stability, there can be no economic stability, highlighting the importance of public confidence in returning inflation to 2% [1] Economic Growth Risks - Trade policies are expected to increase the risks of economic growth slowdown, indicating potential challenges for the overall economy [1] - The market is currently focused on the downside risks to U.S. economic growth, reflecting concerns about future economic performance [1] Interest Rates - The actual neutral interest rate is estimated to be around 0.75% to 1%, which may influence monetary policy decisions moving forward [1]

Core Viewpoint - The Federal Reserve's Williams emphasizes that without price stability, there can be no economic stability [1] Group 1 - Williams highlights the critical relationship between price stability and overall economic stability, suggesting that inflation control is essential for sustainable growth [1] - The statement reflects the Federal Reserve's ongoing commitment to maintaining price stability as a primary objective in its monetary policy [1] - The remarks indicate a potential for continued interest rate adjustments to combat inflation and ensure economic stability [1]