FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 03/15/23

2023-03-15 06:58:00 ET Summary According to the BLS, Consumer Price Index (CPI) inflation rose 6.0 percent year over year in February before seasonal adjustment. The ongoing price increases largely reflect price growth in food, energy, and especially shelter. In other words, the p...

2023-03-10 11:05:00 ET Summary Another strong jobs figure for February would on its own have boosted market expectations for a 50bp rate hike on 22 March, but market angst is on the rise. Monetary policy operates with long lags, and higher borrowing costs and reduced access to cre...

2023-03-09 05:00:00 ET Summary Money supply growth fell again in January. M2 growth rates have followed a similar course to TMS growth rates, although TMS has fallen faster than M2. Fed has stopped adding to its portfolio through quantitative easing and allowed a small amount ...

2023-03-07 07:24:00 ET Summary The total amount of money in the U.S. financial system is thawing like spring snow. In the latest reported months, M2 money supply shrank by 1.3% in December and 1.7% in January. The only reason inflation was not higher than what we got in the '70s i...

2023-03-07 06:48:00 ET Summary The Bureau of Economic Analysis released its latest personal consumption expenditures price index (PCEPI) estimation on February 24. PCEPI grew 0.6 percent in January. This rate puts the 12-month PCEPI inflation rate at 5.4 percent, still significant...

2023-03-06 08:24:00 ET Summary Inflation remains stubbornly high. The Personal Consumption Expenditures Price Index (PCEPI), which is the Fed’s preferred measure of inflation, increased 0.6 percent in January, higher than most analysts had expected. Inflation expectations h...

Summary Supply chain pressures have eased and will continue to do so. Worldwide bottlenecks also have improved, according to the Federal Reserve Bank of New York’s Global Supply Chain Pressure Index. Supply chain problems were fairly widespread, though not universal. ...

Summary With the Federal Reserve approaching the tail end of an aggressive interest rate hiking cycle, investors have been bracing for a hard landing. The stock market has stabilized and risen since last October (S&P +13.7%) but has also hit a temporary air pocket last month (-2.6%)...

Summary M2's huge growth from 2020 through 2021 provided the fuel for the inflation that has rocked the economy for the past year. Inflation pressures peaked almost a year ago, and headline inflation will almost certainly continue to subside. The Fed doesn't need to do more than the...

Summary The seasonally adjusted money supply in January increased by $31 billion. This was the first increase in the money supply in five months. Looking at the seasonally adjusted numbers shows that this month increased the money supply by 1.8% which was above the -1.7% 12-month trend ...