PSEi slips as Fed unlikely to cut rates soon

MANILA  —Philippine stocks declined on Thursday as investors weighed the US Federal Reserve’s plans to lower interest rates this year after keeping the benchmark rate steady during its first policy meeting in 2024. The benchmark Philippine Stock Exchange Index (PSEi) slumped 0.35 percent, or 23.43 points, to 6,623.01 while the broader All Shares index shed
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