Sept core PCE price index +0.1% (unrounded..>

US DATA: Sept core PCE price index +0.1% (unrounded +0.129%) as 

expected, keeping the y/y rate at +1.3% ahead of the FOMC meeting this 

week. Total PCE price index +0.4% (unrounded +0.375%), so y/y rate +1.6% 

vs +1.4% in Aug. Pers income +0.4%, as expected, while nominal PCE +1.0% 

(strongest since Aug 2009) vs +0.9% expected, real PCE +0.6%. Wages and 

salaries +0.4%, as the strong 0.5% hourly earnings gain more than offset 

the drop in payrolls. Other income components were all higher, though 

the pace of growth for transfer payment slowed. BEA said it could not 

quantify in the impact of the hurricanes on the data, but did say it 

made adjustments to estimates where source data was missing. Overall, 

the data should not cause concerns for the markets for the FOMC ahead of 

its meeting this week. See MNI main wire.