❗️ Financial Conditions Ease Across The Board: Cable FX Macro

**As seen in Macro Walk report 01/07/23, subscribe at cablefxm.co.uk/reports

• Gauges of monetary conditions compiled by Bloomberg showed indicators of stress easing across our tracking regions. The U.S. FCI is now neutral and off the lows seen last year

• This can be surprising as markets are not taking the Fed by word. Fed speakers have recently expressed their hawkish views and rate forecasts, while conditions walk on the opposite direction of what the central bank desires