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Oct core PCE price index +0.2% (unrounded...>

US DATA
US DATA: Oct core PCE price index +0.2% (unrounded +0.207%) after 
upward revised +0.2% in Sept, keeping the y/y rate at +1.4%, the last 
look the Fed will have at this indicator before their December meeting.
- Total PCE price index only +0.1% (unrounded +0.144%), so y/y rate 
+1.6% vs +1.7% in Sept. 
- Pers income +0.4% vs +0.3% expected, while nominal PCE as-expected 
+0.3% and real PCE +0.1% (+1.7% SAAR vs 3Q average; 3Q PCE was +2.3%). 
- Income lifted by wages and salaries +0.3% despite flat hourly 
earnings in the month. Other income components all higher, but 
with slower growth in proprietors' income and transfer receipts.
- October savings rate of 3.2% after 3.0% in Sept, but still below trend.
- Overall, the data suggest the Fed will stay on track for a December 
rate hike on the price data, but 4Q real PCE growth slowed based on 
just the Oct data.
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