❗️U.S. Financial Conditions Index Turns Positive: Cable FX Macro

**As seen in Macro Walk report 01/13/22, subscribe at cablefxm.co.uk/reports

• A gauge of monetary conditions in the U.S. turned positive and rose to the highest since mid-February, according to data compiled by Bloomberg

• Last week, we saw a decline in equity volatility, the market benchmark rising, yields dipped, and the dollar fell vs peers

• The developments are likely to raise the attention of Fed officials as the move goes contrary to the tightening goals at the central bank