❗️ Eurozone, U.S. Financial Conditions Extend Divergence: Cable FX Macro
- Rosbel Durán
- Jan 30, 2023
- 1 min read
**As seen in Macro Walk report 01/27/23, subscribe at cablefxm.co.uk/reports
Fed Chair Powell has been vocal on monetary conditions as indicators have moved closer to easing and further from showing an FOMC induced market stress
The U.S. Bloomberg Financial Conditions Index is now at 38.2 basis points, this is the highest since February 2022
Monetary conditions extended into a sixth consecutive session of increases (easing, calculated by the Bloomberg FCI) as we headed into a weekly docket holding the FOMC event
The move is diverging from the EZ FCI which remains well into tightening territory as European govt. bond yields rise and ECB rate hike bets build
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