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🇺🇸❗️ Conditions Remain Tighter Than Pre-Banking Crisis: Cable FX Macro

**As seen in Macro Walk report 04/21/23, subscribe at

  • We have seen conditions easing since last week, a Bloomberg index tracking financial stress is now above 0, meaning market indicators show a looser financial environment

  • Despite the sharp rise seen over the last couple of weeks, the Bloomberg U.S. FCI remains below levels preceding the March banking crisis

  • Tomorrow, we will be a week away from the FOMC's May monetary policy meeting. We will be closely looking at developments in monetary conditions as we head into the event



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