|Bid||363.01 x 1000|
|Ask||363.00 x 800|
|Day's range||362.50 - 363.55|
|52-week range||314.97 - 363.55|
|PE ratio (TTM)||21.46|
|YTD daily total return||11.17%|
|Beta (5Y monthly)||0.88|
|Expense ratio (net)||0.16%|
The U.S. Federal Reserve is contemplating additional interest rate hikes this year in response to persistent inflation, according to Governor Michelle Bowman's remarks on Friday. Despite significant strides in curbing inflation, Bowman emphasized the need for continued efforts during a speech to banking professionals in Colorado.
U.S. stock indices ended Wednesday on a downward trend, signaling market skepticism toward an extended period of elevated rates, following the Federal Open Market Committee's (FOMC) latest forecasts. The FOMC announced an additional rate hike for 2023 and revised their end-of-year 2024 rate projection to 5.1% from the previous estimate of 4.6%.
Philippine stocks experienced a fourth consecutive day of losses on Wednesday, with the Philippine Stock Exchange index (PSEi) closing at 6,041.04, a drop of 6.93 points or 0.12 percent. Meanwhile, the broader all-shares index lost 2.64 points, settling at 3,271.66, a decrease of 0.08 percent.