Beware the Smombie Trap

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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