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PSEi sheds points on jitters over US Fed action

By Inquirer - 2 months ago
Expectations that the US Federal Reserve will cut interest rates by more than what was originally anticipated halted the local bourse’s two-day winning streak on Wednesday, with investors worrying about a possible economic weakness. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) shed 0.27 percent, or 19.46 points, to 7,155.90. Meanwhile, the

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