Stocks slip anew as Fed hints rate hikes; peso ends flat - pna.gov.ph
4/7/2022 12:00:00 AM3 years 10 months ago
by Joann Villanueva
by Joann Villanueva
MANILA – Further rate tightening plans by the Federal Reserve continued to negatively impact the local stock barometer on Thursday but the peso improved against the US dollar.The Philippine Stock Exchange index (PSEi) shed 2.58 percent, or 183.23 points, to 6…
LOOMING RATE HIKES. The Philippine Stock Exchange index (PSEi) declines again on Thursday (April 7, 2022) on looming hikes in the Federal Reserve's key policy rates. However, the peso managed to gain… [+1850 chars]
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