Stocks slip on looming Fed hikes, peso ends sideways
ANOTHER DECLINE. Anticipations for further increases in the Federal Reserve's key rates result in another decline for the Philippine Stock Exchange index (PSEi) on Friday (April 22, 2022). However, the peso managed to end the week sideways against the US dollar. (PNA file photo) MANILA - The main stocks index finished the week down on investors' anticipation of further hikes in the Federal Reserve's key rates but the peso kept its footing against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.89 percent, or 62.90 points, to 6,998.59 points. The negative close of t...