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The Windfall Still Remains for Indonesia

Monday, 19 September 2022

The World Bank has warned The Fed's high-interest rates will be followed with similar policies by other central banks. These could trigger a global recession next year and damage economies of many countries.

Ilustrasi: TEMPO/Imam Yunni. tempo : 167527634625

THE attention of the global financial market is once again focused on the Federal Reserve's interest rate policy this week. In fact, the decision on the central bank reference rate should have been mere routine. However, this time, the market is far more distressed. The anxiety is so high, The Fed will adopt a much more hawkish approach in setting its rates.

The Fed’s main concern is none other than inflation. Previously, the market had hop

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