PSEi down 1.70% as Fed meeting looms

By Ed Paolo Salting

Sep 20, 2022 12:26 am

THE local market returned to 6,400 levels, dropping 111.35 points on Monday to close at 6,437.42.

According to analysts, investors stayed at the sidelines as they anticipated the possible aggressive policy rate hike of both the US Federal Reserve (Fed) and the Bangko Sentral ng Pilipinas (BSP).

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