❗️U.S. Financial Conditions Fall Sharply: Cable FX Macro
- Rosbel Durán
- Mar 13, 2023
- 1 min read
**As seen in Macro Walk Report 03/11/23, subscribe at cablefxm.co.uk/reports
U.S. monetary conditions fell sharply on the week, the latest read now points to tightening, according to an indicator constructed by Bloomberg
The U.S. Bloomberg FCI had been positive since early January, this means monetary conditions were easing. The 45bps move lower marked the worst week in the index since September
We remind you that easing monetary conditions would go against the current policy stance embraced by the Federal Reserve. We are turning 1-year since the central bank started hiking rates, and the Bloomberg FCI has erased all tightening progress since then
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