🎈🇺🇸U.S. Inflation Surprise Index Falls to Lowest Since December: Cable FX Macro

**As seen in Online Tools > U.S. Inflation Dashboard, subscribe at cablefxm.co.uk/reports

• The Cable FX Macro U.S. Inflation Surprise Index dipped to the lowest since December as the most recent figures came in line with estimates, the headline missed by 1/10 of a percent

• Our measure of U.S. inflation surprises fell to 4.5 from the prior 9.0, the 4.5 point decline is the largest since February. We have not seen consecutive decline in inflation surprises since September

• The April inflation report left our metric below the second quartile, looking back to five years of history. Inflation surprises have stood below the second quartile since February