Stocks Pause As Traders Reassess Interest Rate Path, Gold Makes New Highs, Bitcoin Rebounds: What's Driving Markets Thursday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 28 2024
0mins
Should l Buy MSN?
Source: Business Insider
- U.S. Equity Market: U.S. indices remained stable as market expectations for interest rate cuts faced setbacks.
- Fed Comments: Fed Governor Waller opposed early rate cuts due to uncertain inflation, aligning with a significant portion of the Fed board.
- Economic Growth: The U.S. GDP for Q4 was revised upwards to 3.4%, surpassing the initial estimate of 3.2%.
- Market Sentiment: Traders slightly reduced bets on a June rate cut, with odds dropping from 70% to 64%.
- Commodity Prices: Gold hit a new high at $2,225 per ounce, while WTI crude oil prices rose to $82.50 per barrel.
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Analyst Views on MSN
About MSN
Emerson Radio Corp. designs, sources, imports, and markets a variety of houseware and consumer electronic products and licenses its trademarks to others on a worldwide basis for a variety of products, both domestically and internationally, under the Emerson brand name. The Company’s core business consists of selling, distributing, and licensing various low and moderately priced houseware and consumer electronic products in various categories. The Company’s product categories include houseware products, audio products, and others. Its houseware products include microwave ovens, compact refrigerators, and toaster ovens. Its audio products include clock radios, Bluetooth speakers, karaoke machines, and wireless charging. Its other products include televisions, security products, and massagers. The Company markets its products in the United States and Mexico, primarily through mass merchandisers and online marketplaces. It also sells products through third-party online marketplaces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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