# Sri Mulyani Sebut Sikap The Fed Bikin Pasar Galau: Modal Asing Kabur, Rupiah Anjlok

> Indonesian Finance Minister Sri Mulyani said foreign capital left Indonesian markets and the rupiah fell as the Fed signaled inflation was not yet tame enough for rate cuts. The rupiah stood at 16,024 per dollar, down 3.94% year to date, and bond market outflows reached Rp13.56 trillion in the month to date.

- Date: 2024-05-27 · published 2024-05-27T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/30584-sri-mulyani-sebut-sikap-the-fed-bikin-pasar-galau-modal-asing-kabur-rupiah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Capital outflows and rupiah weakness raise import costs for Indonesian feed buyers and signal tighter financing conditions for the livestock and feed sector.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- ekonomi.bisnis.com: https://ekonomi.bisnis.com/read/20240527/9/1768704/sri-mulyani-sebut-sikap-the-fed-bikin-pasar-galau-modal-asing-kabur-rupiah-anjlok

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.