Given the USD index is just hovering under 100 and the gold price is just hovering above a fresh new low, if the US inflation figures are not terrible tonight, we should a new high and new low in both. In saying that last week's US PPI figures missed expectations once again which is a leading indicator for inflation but it did that last month as well and it did not affect inflation figures adversely. Current core inflation YoY = 1.9% - forecast = 1.9% Current core inflation MoM = 0.2% - forecast = 0.3% Current inflation rate YoY = 0% - forecast = 0.1% Current inflation rate MoM = -0.2% - forecast = 0.25% Figures are due out 12:30am AEST
Economic data is about as real as the field of economics itself, that is to say, its mostly bullshit but it still moves the markets. Maybe that just means the markets are bullshit too and we're all simply splashing around in a giant tub of bullshit while someone stirs the pot.
US economy is fairly doing well with growing jobs and all time high stock market. But there are few things we cannot neglect like- growing debts. Also, Fed's decision on raising interest rates may add more to this, increasing the cost of borrowing. This one is discussing the impact of economic growth on equities and bond. US Economic Forecast 2016
