Market Plus
Managing Expectations and the Economic Generals

Last Wednesday, the Federal Reserve announced the direction of its interest rate trajectorythe likelihood that it will go up. This September, the markets even anticipated this move. Normally, these types of announcements would make our rupiah fall apart. But as it turned out, the rupiah remained calm, staying around Rp13,100 per US dollar. In comparison, stock prices continued to climb. The Jakarta Composite Index rose to 5,299.2 last Thursday, i

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