Wall Street closed mixed in trading (16/09/2020) with the Dow Jones slightly stronger, while the S&P 500 and Nasdaq weakened. This came amid the Federal Reserve’s decision to keep its benchmark interest rate near 0% and gives a signal that the FFR rate will remain at low levels until 2023.
In line with what happened in the US, today’s domestic market attention will also be focused on the decision of the central bank meeting. Bank Indonesia is expected to keep the BI-7DRRR at 4%. On the technical side, the JCI movement still tends to continue the decline towards the gap that occurred at the 5.016 level.
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