Fed may hike rate but unlikely to affect PH stocks

PHILIPPINE stocks are expected to withstand a possible US Federal Reserve rate hike later this year thanks to the country’s positive economic outlook.

Some analysts polled by The Manila Times agreed that a Fed rate hike is likely either in September or December, after US Fed Chair Janet Yellen announced that the case for increasing interest rates has strengthened in recent months on the back of improvements in the labor market and the likelihood of the US economy continuing its moderate growth.