🎈U.S. Macro Sentiment Remains Intact: Cable FX Macro

**As seen in Macro Walk report 09/08/23, subscribe at cablefxm.co.uk/reports

• The economic surprise index section in our Macro Walk report is showing the U.S. gauge rebounding after recent declines. The index remains in positive territory as economic data continues to beat the consensus

• Looking at an alternative measured constructed by Bloomberg, data strength is more evident in the labor market, while personal/household consumption post negative surprises

• Business cycle indicators stand second in supporting the index. We recently received the ISM figures, both sectors topped estimates, with the services survey surprising the most. Fed regional activity indicators show strong data releases too