Beware the Smombie Trap - Market Pulse - magz.tempo.co

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Beware the Smombie Trap

Tuesday, July 16, 2019

Portfolio investment funds coming into Indonesia is rising up to an unstoppable level.

Employee calculates the United States (US) dollar fraction 100 at a money changer in Jakarta, Wednesday, November 8, 2017./TEMPO/Tony Hartawan. tempo : 173057865248.

The market strongly believes that The Federal Reserve’s rate cut is imminent. As usual, investors then take a flight to emerging markets, seeking better returns. Furthermore, the Fed Chair Jay Powell’s testimony to the US Congress on Wednesday, July 10, fueled expectations for a rate cut this month.

This is certainly good news for Indonesia. The markets have been speculating on the rate cut since early June. Throughout June,

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