On this week’s AHR Market review.
Global equity markets enjoyed a week of solid gains following a host of key Central bank meetings from around the world.
On Wednesday the US Federal Reserve held its March Federal Open Market Committee (FOMC) meeting and also released an updated set of economic projections.
A similar narrative was relayed in the UK as the Bank of England's rate-setters voted 8-1 to keep borrowing costs at their 16-year high of 5.25% on Thursday, as the two officials who had previously called for higher rates changed their stance.
In contrast, the Bank of Japan raised interest rates for the first time in 17 years, ending the world’s last remaining policy of negative rates.
All major US equity indices posted returns in excess of 2% over the week following the dovish tone set by the Federal Reserve.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.