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Monday: September personal income...>

US DATA PREVIEW
US DATA PREVIEW: Monday: September personal income (0.4%) and total PCE price
index (0.2%).
- Nomura economists "expect a steady 0.4% m-o-m increase in personal
income...with steady readings of the household saving rate, continued gains in
income should remain supportive for spending."
- On PCE deflators, Nomura estimates a "steady 0.2% (0.155%) m-o-m increase in
the core PCE price index in September."
- RBS NatWest economists "look for an uptick of just 0.1% in the core PCE
deflator (the Fed's preferred inflation measure), which would push down the
year/year core PCE inflation rate from 2.0% in August to 1.9% in September."

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