🏦🇺🇸U.S. Monetary Conditions Within Ranges Heading Into Powell: Cable FX Macro

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• A measure of monetary conditions provided by Bloomberg show the U.S. metric well within ranges as we head into Wednesday's Powell speech

• Monetary conditions have tightened so far this year, however, tightening has lacked progress as the index is close to where we were back when the Fed began its hiking campaign

• All eyes on Powell's remarks