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.

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