🇺🇸❗️ U.S. Monetary Conditions Indicator Rises to Easing: Cable FX Macro

**As seen in Macro Walk report 06/02/23, subscribe at cablefxm.co.uk/reports

• U.S. monetary conditions had been stuck in a range during May, the financial stress indicator came mixed between easing and tightening readings

• Last week, the measure constructed by Bloomberg rose to the highest since mid-April, this means that financial conditions are easing

• The move came in as risk assets jumped to the highest since August. U.S. financial easing levels remain below the top preceding the March banking crisis