Daily Economic Research

KBVS ECONOMIC RESEARCH
Wednesday, 17 December 2025

Macro Highlight :
The US unemployment rate in November ’25 rose to 4.6% (Cons: 4.5%, Prev: 4.4%), opening room for an earlier-than-previously-expected Federal Reserve rate cut. The mixed signals from US labor and activity data are expected to continue influencing market sentiment today, alongside upcoming CPI releases from the UK and the EU, as well as remarks from FOMC member Williams, all of which are likely to affect global financial markets.

Domestically, the JCI closed up +0.43% in the previous session. Today, market participants are awaiting the outcome of Bank Indonesia’s Board of Governors Meeting (RDG-BI), with particular attention on BI’s forward policy stance and developments in banking credit, alongside the ongoing market response to last night’s US labor market data.

We anticipate a decrease in the 10Y SUN yield today (17 Dec ‘25), projecting it to range between 6.03% and 6.23%.

 

Regards,
KBVS Research Team

 

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