🇺🇸❗️ U.S. Financial Conditions Ease to Levels Not Seen Since Feb. 2022: Cable FX Macro
- Rosbel Durán
- Dec 11, 2023
- 1 min read
**As seen in Macro Walk report 12/08/23, subscribe at cablefxm.co.uk/reports
A gauge of U.S. monetary conditions rose to mark levels not seen since February 2022, the increase means financial indicators are loosening
The development adds weight to the Fed monetary policy meeting as investors bet it will start its easing cycle as soon as 2Q 2024
Overnight index swaps price in about 30bps of easing by the Fed May meeting while Fed Funds futures expect a total of 110bps for next year
The S&P 500 Index has reached a 52-week high while the CBOE VIX ticks below 13.0 as we head into the last Fed meeting of the year. These levels are interesting if we get a strong pushback from Fed Chair Powell
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