🔻🔺 Wide Changes In Monetary Conditions Heading Into FOMC: Cable FX Macro

• Quick snapshot on weekly changes in U.S. financial conditions, via <.BFCIUS>

• Recent market commentary has noted a sharp decline in U.S. financial conditions, an index constructed by Bloomberg fell by the most since the Covid crisis last week. However, this week is set to post the largest upside move since 2021

• While the index is still lower than where it was early March, last at -34 points, the volatility just adds uncertainty heading into the FOMC decision