**As seen in Macro Walk report 12/01/23, subscribe at cablefxm.co.uk/reports
A measure of monetary conditions constructed by Bloomberg is seen extending higher, readings above 0.0 mean U.S. conditions are loosening
The financial conditions section in our Macro Walk report has not seen the Bloomberg FCI sustainably rising above the 0.5 mark during 2023
Money market indicators remain within their 52-week averages, while the bond market and risk assets seem to be behind the recent rise in the index (lower yield spreads, lower vol, higher equities)
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