📊 Cable FX Macro Inflation Surprise Index Falls to Lowest Since April After PCE

**As seen in Cable FX Macro U.S. Inflation Dashboard, sign up at cablefxm.co.uk

• Our own inflation surprise index fell to the lowest since April at 90.03, it is now capturing all of our September inflation metrics after the PCE data

• Earlier in the month, we had seen an easing in inflation surprise contributions from the headline metrics, the Y/y surprise addition fell to 0.10 from 0.15, while the M/m slipped to 0.10 from 0.13

• After the September Core PCE deflator, our inflation surprise tracker dropped as the surprise contribution from the PCE slowed to 0.09 from the prior 0.14. The only metric not to show an easing in 'surprises' is the core figure, it has held steady at 0.08 for the last couple of months