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The PSEi ends the shortened week higher as markets reacted to new language from the U.S. Federal Reserve that signals a potential change in monetary policy to bring down inflation. Locally, BSP Governor Medalla jumped the gun where he announced an off cycle hike which is not really off cycle since it isn't effective just yet.
By BPI Securities CorporationThe PSEi ends the shortened week higher as markets reacted to new language from the U.S. Federal Reserve that signals a potential change in monetary policy to bring down inflation. Locally, BSP Governor Medalla jumped the gun where he announced an off cycle hike which is not really off cycle since it isn't effective just yet.