📊U.S. Headline Inflation Surprise Standard Deviation At 0.18pp: Cable FX Macro
- Rosbel Durán
- Apr 12, 2023
- 1 min read
**As seen in Online Tools: U.S. Inflation Dashboard, subscribe at cablefxm.co.uk/reports
The 1-year rolling standard deviation for U.S. headline CPI surprises stands at 0.18 percentage points, this is unchanged from prior
The most recent upside surprise was recorded in January, February and December metrics came in line with the consensus
Over the course of last year, U.S. headline surprises have averaged 0.6pp, low -0.2pp, high +0.29pp
Incorporating the Feb. Core PCE Deflator data, the Cable FX Macro U.S. Inflation Surprise Index last reading printed at 25.0 vs a prior -6.3. PCE is the sole responsible for the rebound as of February, given the nature of our indicator which gives a higher weight to the rolling quarter
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