AHR Weekly Market Update - Monday 23rd September
Manage episode 441408486 series 2891086
Welcome to this week’s AHR market review for the week ending 22nd September 2024.
Global equity markets saw a boost this week after the US Federal Reserve cut its key interest rate for the first time since March 2020.
While equity markets welcomed the rate cut, its scale may indicate a shift in the Fed's priorities—from controlling inflation to supporting economic growth.
Meanwhile, in the UK, the Bank of England (BoE) held its base rate steady at 5.0%, as widely anticipated, with the Monetary Policy Committee voting 8–1 in favour of maintaining the current rate.
UK inflation held steady at 2.2% in August, unchanged from July’s annual rate.
US equities rose around 1.5% for the week, with US technology nearing its historic highs once again.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.
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