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🇺🇸❗️U.S. Monetary Conditions Gauge Nears YTD Highs: Cable FX Macro

**As seen in Macro Walk report 12/01/23, subscribe at

  • 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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