24 March 2023
Regional Markets Were Quite Volatile
Regional markets were quite volatile over the 3 sessions as Indonesian markets celebrated the Nyepi holiday & first fasting day, along with various sentiments rolling in; including the Federal Reserve's decision to raise the Fed Fund Rate 25bps (as expected) to 5% and signaled (at least) one more hike this year, as well as ruling out the possibility of a rate cut this year.