**As seen in Macro Walk report 11/11/2022, subscribe at cablefxm.co.uk/reports
The difference between actual inflation and the Fed's target was trimmed to 4.2 percentage points. The metric is not taking the recent CPI reading into account, this is calculated by the Fed's preferred measure of inflation (PCE Deflator)
U.S. PCE Deflator reading showed a 6.2% Y/y in September, this is off the peak of 7.0% back in June. As a reminder, the PCE reading differential to the consensus is included in the Cable FX Macro Inflation Surprise Index.
We now have Sweden and eurozone consumer prices as the highest relative to their respective central bank targets. Sweden CPI latest read printed at 10.8% Y/y, we're set to receive the eurozone final readings this week, last 10.7% Y/y
Click here to download our calendar for consumer price releases ahead this week
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