THE United States Federal Reserve’s decision on Wednesday (Thursday in the Philippines) to keep interest rates unchanged is expected to give some fresh energy to the Philippine financial markets.

The stock market welcomed the news, driving the benchmark PSEi up 0.84 percent or 62.82 points. That’s a bigger increase than the previous day’s 0.56 percent or 41.53 points. During the height of trading, the index hit 7,577 points but later eased to close at 7,564.47.

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