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

2023-03-23 02:03:00 ET Summary Although CPI inflation remains at or above six percent, the FOMC has slowed down in its monetary tightening over the past two months. With an increase of only 25 basis points, the March meeting is the second month in a row during which the Fed has pu...

2023-03-21 14:38:00 ET Summary “QE” or “Quantitative Easing” has been the bull’s “siren song” of the last decade, but will “Not QE” be the same? While the BTFP facility is technically “Not QE,” it does re...

2023-03-21 04:20:00 ET Summary Major bank failures are occurring in the US and Europe. Bank failures are common in major recessions, and all fractional reserve banks are at risk. This banking crisis could be worse than the Great Recession. High inflation puts the Fed betwe...

2023-03-21 02:35:00 ET Summary By calling into question the value of a significant portion of the country's bank deposits, the recent failure of one or more regional banks is equivalent to a sudden tightening of monetary policy. If the Fed does not offset this effective tightening...

2023-03-19 01:57:00 ET Summary Although headline inflation continues to fall and unemployment is near a 50-year low, the Federal Reserve still faces some tricky policy decisions over the next few months. The impression that the Fed is targeting supercore inflation was reinforced b...

2023-03-18 09:44:00 ET Summary Just over a week ago, a materially more hawkish narrative from FED Chair Powell at his Congressional Testimony had convinced financial markets that the Fed could revert to a 50 basis point hike in March. However, a wild week of volatility marked by t...

2023-03-18 08:30:00 ET Summary The Fed began raising interest rates one year ago, on March 17, 2022, and the U.S. economy is not in recession. Milton Friedman famously found that the time lags are long and variable. The factors delaying recession will not prevent it, and it&#x...

2023-03-17 18:44:00 ET Summary Fighting high inflation is tough enough, but Fed has been trying to tame pricing pressure when the economy is showing signs of weakening, at least in some corners. The central bank normally eases monetary policy and cuts interest rates when economic ...

2023-03-16 23:56:00 ET Summary This week’s chart of the week shows how the standard credit cycle operates and the way the borrowing booms and busts across time. Credit risk isn’t just creeping up on us. It punched everyone in the face this week. And it is likely to g...

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...