Oct Personal Income Flat, PCE +0.3%, Core...>

US DATA: Oct Personal Income Flat, PCE +0.3%, Core Prices +0.1% 

------------------------------------------------------------------ - 

Personal income flat, below +0.3% market estimate - Current dollar PCE 

+0.3%, above +0.2% market estimate - Core PCE price index 0.1%, below 

+0.2% market estimate; Y/Y +1.6% - Compensation of employees +0.4%, 

wages and salaries +0.4% - Real PCE +0.1% - Total PCE price index +0.2%, 

y/y rate +1.3% 

------------------------------------------------------------------ 

Personal income was flat in October, although compensation of employees 

and wages and salaries both increased 0.4%. Real disponsable personal 

income decreased 0.3% in October compared to +0.3% in September, but 

still on track to increase 2.9% in 3Q. Underlining Wednesday's data, 

core PCE y/y fell to 1.6% giving the Fed room to maintain stimulative 

policy.