We'll get an indication in about 30 mins when NY opens & the US...

We'll get an indication in about 30 mins when NY opens & the US data dumps start....

http://au.investing.com/economic-calendar/

Core PCE Price Index (YoY) (Aug) forecast : 1.7%. Previous : 1.6%
Core PCE Price Index (MoM) (Aug) forecast : 0.2% previous :0.1%
Personal Income (MoM) (Aug) Forecast : 0.2% Previous : 0.4%
Personal Spending (MoM) (Aug) Forecast : 0.1%. Previous : 0.3%
Real Personal Consumption (MoM) (Aug) Forecast : 0.1% Previous : 0.3%

"The Core PCE price Index is the less volatile measure of the PCE price index which excludes the more volatile and seasonal food and energy prices. The impact on the currency may go both ways, a rise in inflation may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in inflation may lead to a deepened recession and therefore a fall in local currency."

Personally, I think that the personal income, spending & consumption is the truer reflection of the state of where the US economy is heading...

If prices rise, but income is stagnant or falls, spending falls = not good for the economy...

POG to rise...