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View all search resultsWhile markets speculate whether the US Federal Reserve will soon raise its benchmark rate after the US presidential election having concluded, a former Indonesian finance minister predicts that the powerful central bank will wait to implement such a policy until next year, providing emerging markets more time to brace the impacts.
Indonesian bond markets in the last week of August dropped in line with global uncertainty due to global expectations of an increase in the US Federal Reserve fund rate that led to foreign outflow, making the bond selling price decline.
Federal Reserve Bank of New York President William Dudley has warned that traders who had been ruling out an interest-rate increase later this year were becoming over-confident, despite the fact that Fed officials have left its short-term rates unchanged.
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