US equities were higher this week as the S&P 500 posted the best weekly performance this year, underpinned by a big Treasury rally and dovish takeaways from this week's March FOMC meeting. This week's upside was primarily driven by the March FOMC meeting that included the dot plot holding projections for three rate cuts this year and Chair Powell downplaying recent hotter inflation prints. This week saw some solid economic data including March flash manufacturing PMI, which hit the highest level since Jun-22, though services PMI was a bit weaker than expected.