Morning Report 21 Mar 24: US stocks hit record highs as fed pencils in future rate cuts

Tom and Ryan unpack the recent US interest rate decision, which saw rates remaining unchanged but with promising remarks hinting at potential cuts, igniting positive market reactions. Despite initial speculations, analysts now foresee three rate cuts in 2024, fuelling investor optimism and propelling the S&P500 index to record highs above 5200 points, with Paramount leading the charge. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.    See omnystudio.com/listener for privacy information.

There are no comments yet.

Please log in to write the first comment.