The benchmark Philippine Stock Exchange index (PSEi) saw a rebound on Wednesday but fell short of reclaiming the 6,500 level even as US banking crisis worries eased and Wall Street bounced higher overnight. By the closing bell, the PSEi rose 1.14 percent, or 72.77 points, to 6,466.10 while the broader All Shares index rose 0.7 percent, or 24.04 points, to 3,478.52. The local market followed a recovery in US share prices as investors bet that recent US banking failures might convince the powerful US Federal Reserve to consider less aggressive interest rate hikes. The US Labor Department said on Wednesday inflation cooled to 6 percent in February, which was within expectations. ...Keep on reading: PSEi higher as on-target US inflation calms battered Wall Street