🎈U.S. Inflation Surprise Index Drops to Lowest Since November: Cable FX Macro
- Rosbel Durán
- May 21, 2024
- 1 min read
**As seen in Online Tools>Inflation Dashboard, subscribe at cablefxm.co.uk/reports
April figures updated our U.S. inflation surprise index metrics, the gauge is now at the lowest since November when it was negative
The Cable FX Macro U.S. Inflation Surprise Index spent 6 months in negative territory before the most recent period of positive readings
Month-over-month readings are negatively feeding into the index, while the core and headline hold the largest positive contributions. However, the headline CPI positive contribution is last seen at 0.068 vs 0.135 in March, the lowest since December
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