Indonesia Stock Exchange Slides as Investors Wait on US Fed Rate Decision
The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (IDX) declined on Monday morning as investors adopted a 'wait-and-see' stance regarding the direction of the US Federal Reserve's benchmark interest rate policy this week.
The JCI opened down 7.51 points, or 0.11 percent, at 6,533.87, while the LQ45 index, comprising 45 blue-chip stocks, fell 0.74 points, or 0.11 percent, to 648.98.
Liza Camelia Suryanata, Head of Research at Kiwoom Sekuritas Indonesia, noted that global market attention is focused on the US Federal Reserve's Federal Open Market Committee (FOMC) meeting scheduled for September 15-16, 2026.
Market participants anticipate that the Fed will raise its benchmark interest rate, given that US inflation data indicates persistent price pressures; US headline inflation reached 3.4 percent in August 2026, while rising consumer inflation expectations suggest that price pressures could remain elevated for longer.