Speculations on reducing the Fed’s stimulus re-emerged, following the statement by the Philadelphia Fed President Patrick Harker. He said now is the right time to reduce quantitative easing. Previously, Automatic Data Processing Inc. (ADP) reported that the United States (US) private sector, outside of the agricultural sector, succeeded in absorbing 978 thousand workers throughout May 2021. This addition was more than the previous month’s 654 thousand workers. The rupiah exchange rate was relatively flat in the past week, with the spot rate weakening 0.07% to the level of IDR 14,295/USD. Meanwhile, JISDOR weakened 0.13% to IDR 14,316/USD. Over the weekend, benchmark 10-year government bonds (SUN) FR0087 closed at 6.35%, based on data from NH Korindo Sekuritas.
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