PSEi dips again as Fed resolves to continue fight vs inflation

Philippine share prices extended losses on Thursday after a summary of the recent US Federal Reserve policy meeting revealed continued wariness over high inflation while foreigners continued to dump local stocks. By the closing bell, the benchmark Philippine Stock Exchange index (PSEi) slipped 0.2 percent, or 13.33 points, to 6,685.90 while the broader All Shares index sank 0.2 percent, or 7.16 points, to 3,572.20. Major US stock indices ended mixed after minutes of the Feb. 1 Fed policy meeting showed all officials supporting the decision to raise interest rates, albeit in smaller-sized increments, in the future. Investors also weighed data from the Bangko Sentral ng Pilipinas ...Keep on reading: PSEi dips again as Fed resolves to continue fight vs inflation

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