March sees rate increase halt, Brexit debate and more
In March, U.S. equities advanced as Federal Reserve Chairman, Jerome Powell, affirmed the central bank’s decision to halt rate increases. Positive developments in U.S.-China trade relations and positive economic data continued to whet risk appetites.
The United Kingdom’s equity markets rose as the Bank of England voted unanimously to hold the policy rate at 0.75 percent. As it relates to Brexit, Prime Minister Theresa May pledged to resign from office in an attempt to salvage her deal to leave the European Union.
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