Here's my summary of the key events overnight that affect New Zealand, with news Australia's mining industry future is looking a lot brighter.
But firstly in the US, consumer confidence fell in September (although their 'expectations index' rose) and home sales dropped to an eight-month low in August due to the impact of their severe hurricanes.
Despite this, Janet Yellen said overnight that it would "it would be imprudent to keep monetary policy on hold until inflation is back to 2%", and the Fed needs to continue rate hikes despite broad uncertainty about the path of inflation. And she warned about against making changes "too gradually".
China is getting ready for its 19th National Congress in October - and part of the preparations to ensure no unexpected distractions include postponing of two Ironman events, new restrictions on foreigners traveling to Tibet, and curtailing and disrupting the WhatsApp messaging service in a broadening of their online censorship.
In Australia, a central bank official said overnight that house price levels are not the key issue that she worries about, it is the how the growth in prices causes many consumers to change behaviour and become imprudent with their spending and taking on financial risk. And that sets up dangers when interest rates start to rise. These irresponsibilities may limit how the central bank can act if too many borrowers go rogue.
And BHP, the world's biggest miner said overnight has forecast growing demand for its raw materials as 2017 looks set to be the "tipping point" for electric cars, and China's Belt and Road initiative will boost global iron ore demand. The new key commodity? Copper, they say.
In New York, the UST 10yr yield is a little higher today, now at 2.24%.
The price of crude oil has slipped today to be just under US$52 a barrel, while the Brent benchmark is down even more at just over US$58.
The price of gold has fallen under US$1,300, down -US$8 to US$1,299/oz.
And the Kiwi dollar is also lower. It is now just under 72 US, its lowest in three weeks. On the cross rates we are pretty much unchanged at 91.3 AU¢, and 61 euro cents. And the TWI-5 index is now at 74.5.
If you want to catch up with all the changes yesterday we have an update here.
The easiest place to stay up with event risk today is by following our Economic Calendar here ».