The three major markets in the US managed to rebound in trade (07/29/2020) supported by the commitment of the Federal Reserve to continue to use all necessary steps in economic recovery. In addition, the FOMC meeting also decided to hold interest rates in the target range of 0% – 0.25%.
In the domestic market, the Fed’s statement of support is also expected to help the JCI movement today. In addition, investors will also observe the continuation of the PSBB transition period in Jakarta amid the soaring number of Covid-19 positive cases.
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