At its latest review, the US Fed has delivered the result markets expected, and one well signaled by the recent Fed speakers - a hawkish hold. But the widely-watched local ISM factory PMI told a different story, contracting slightly, and slightly faster in October than September. The NZ Government 10 year bond rate is -5 bps lower at 5.59%. Wall Street is in its Wednesday trading with the S&P500 up +0.5% and taking the Fed review in its stride. The bitcoin price starts today at US$34,464 and another tiny -US$31 or -0.1% lower from this time yesterday.

Source: Stuff November 02, 2023 00:55 UTC