Good afternoon.
Markets rally to start November, Fed holds interest rates steady, and Bitcoin hits $35,000 (a new 2023 high).
Let's dive in.
Markets
Here are today's market moves:
What's Happening
U.S. stocks rallied on Wednesday to kick off November.
Markets climbed after the Federal Reserve held interest rates steady, as expected:
The stock market is off to a strong start in November, with the S&P 500 rallying more than 1% today.
Crypto rally continues. Bitcoin climbed above $35,000 today, its highest level of 2023.
Catch Up
Jerome Powell says the Fed is "not thinking about rate cuts right now at all."
U.S. consumer confidence drops for a third month despite the booming economy.
The crypto market climbed 20% in October, its best month since January.
What Else?
