SocGen economist Omair Sharif said..........>

US VIEW: SocGen economist Omair Sharif said today's US 0.5% CPI/0.1% Core CPI

was "still just good enough for a December hike". He added that "core CPI edged

up by 0.13% in September, a little below our 0.15% estimate. While investors may

be bemoaning another "soft" core print that fell short of expectations, we are

more focused on the fact that the three-month and six-month annualized rates

have bounced back nicely, as we had expected. We think this keeps the Fed on

track for a December hike."

- "In any case, there was no obvious hurricane effect on the core rate in

today's report," he said. "In fact, components suspected of posing upside risk

were actually on the softer side, especially rents."