06:53 Video: US Economy Booming, Rupiah’s Fate Getting Worse? My Money – 1 hour ago

Jakarta, CNBC Indonesia- United States economic growth throughout the third quarter of 2023 grew 4.9% (Yoy), much higher than projections, supported by continued strong consumption levels.

FX Analyst CNBC Indonesia Research, Revo Gilang Firdaus, assesses that the continued strength of the US economy makes the Fed’s efforts to suppress inflation even more challenging. This is reinforced by the Fed’s policy direction which will continue to hold interest rates at a high level.

So what is the impact of market turmoil amid pressure from the Fed on capital outflows from the domestic market? What kind of effect will it have on the Rupiah? For complete details, see Anneke Wijaya’s dialogue with FX Analyst CNBC Indonesia Research, Revo Gilang Firdaus at Power Lunch,CNBCIndonesia (Friday, 27/10/2023)

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