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View all search resultsFederal Reserve Bank of New York president John C. Williams said on Wednesday the United States Federal Reserve would likely continue with its policy on gradual hikes of the Fed Fund Rate due to strong data on the US labor market.
The rupiah and the Jakarta Composite Index (JCI) strengthened on Thursday on the back of the expected increase in the US Federal Reserve's short-term interest rates, which the Federal Open Market Committee (FOMC) raised by 25 basis points to a maximum 2.25 percent.
Finance Minister Sri Mulyani Indrawati has said that the government is “playing the long game” to safeguard the country’s economy from external pressures, particularly from the United States Federal Reserve’s hawkish stance on its policy rate.
Asian markets mostly fell Thursday after the Federal Reserve hiked interest rates and signalled a more hawkish tone for future moves, while US President Donald Trump stoked trade war fears by suggesting he will hit China with fresh tariffs.
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