This week investors will still be waiting for the Fed's interest rate decision to respond to inflation trends in the US.
This week investors will still be waiting for the Fed's interest rate decision to respond to inflation trends in the US.Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atThe following article was translated using both Microsoft Azure Open AI and Google Translation AI.
The Head of Research Team at PT Mirae Asset Sekuritas Indonesia, Robertus Hardy, stated that investors will still be waiting for The Fed's interest rate decision this week to respond to the inflation trend in the US. The decision will be announced at the Federal Open Market Committee meeting scheduled on March 19-20, 2024.
A similar message was conveyed by the Community Lead of Indo Premier Sekuritas , Angga Septianus. The result of the central bank meeting will determine the market outlook, even though the economic prediction is that the interest rate policy will not change in the near future. "The Fed's interest rate is predicted to remain consistent with the projection to decrease in June or July 2024 due to the inflation data that has not yet reached The Fed's 2 percent target," he said in a statement earlier this week.Angga also explained that BI interest rates will be maintained at 6 percent level in the first half of 2024 and will only begin to decrease in the second half.
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