🎈U.S. Inflation Surprise Index Rebounds to Flat: Cable FX Macro

**As seen in U.S. inflation dashboard, subscribe at cablefxm.co.uk/reports

• Our measure of U.S. inflation surprises is rebounding to neutral in August. The headline metric surprised the consensus by 1/10 of a percent, core CPI and headline M/m came in line with expectations

• The rebound comes after our measure touched -76 in June and breached the February 2020 low. The regression could see inflation surprises turning positive months ahead