🇺🇸🔺U.S. Economic Surprise Index At Highest Since April: Cable FX Macro
- Rosbel Durán
- Feb 22, 2023
- 1 min read
**As seen in Macro Walk report 02/18/23, cablefxm.co.uk/reports
A measure of economic surprises compiled by Citi has seen the U.S. index rise for another week. The U.S. CESI is now at the highest since April 2022
This can be interpreted as U.S. economic data printing stronger than economists' expectations
Quick recap: U.S. Non Farm Payrolls beat consensus by more than double, U.S. CPI came in at 6.4% Y/y vs estimates of 6.2%, retail sales jumped by 3.0% M/m vs estimates of 2.0%
The largest swing was seen in the CAD index this week, and leads the G10 on an absolute basis. CAD is followed by the EUR CESI, however, we have seen the index stabilize for some time now
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