The Lucky Ones in the Time of Turmoil
Monday, 8 November 2021
But just because the market remained calm, even in Indonesia, it does not mean the storm has passed. The Fed’s policy change for liquidity is certain to have effects on the composition of foreign-owned portfolio investment funds in Indonesia.
THE big news did not cause a big shock. The global financial market remained calm even though the Federal Reserve Chairman Jay Powell announced a reduction in liquidity injections. In fact, stock markets everywhere continued their upward price trends, as if they are unstoppable.
That policy does have a huge impact on the market. Powell stated that the Fed would start reducing its financial asset purchases this November, going down from th...
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