PSEi up 2.28% as Fed hikes rate again

By Ed Paolo Salting

Jul 29, 2022 12:18 am

THE Philippine Stock Exchange (PSE) rallied this Thursday by 142.50 points to close at 6,379.26.

Japhet Tantiangco, senior research analyst at Philstocks Financial Inc., and Luis Limlingan, managing director at Regina Capital Development Corp., said this came as the Federal Reserve raised their policy rates again by 75 basis points (bps), falling in line within investors' expectations.

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