U.S. Dollar Index Higher, Personal Spending Improves

The December U.S. Dollar Index is trading at 98.57, up 0.22. The U.S. Dollar Index is trading just under the session highs. Market talk about economic data and the Federal Reserve meeting this week is making the rounds. The U.S. Bureau of Economic Analysis reported that September personal income rose 0.3 percent versus rise of 0.2 percent in August. September personal spending rose 0.5 percent in August. The September Core PCE Price Index rose 0.1 percent versus a 0.2 percent rise in August. Year over year the Core PCE was stable at 1.7 percent. U.S. Federal Reserve's Federal Open Market Committee (FOMC) begins a two day meeting on interest rates Tuesday and concludes Wednesday. The Fed is scheduled to release a statement and monetary policy decision at 2:00 p.m. ET Wednesday.