FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 05/09/23

2023-05-09 00:25:00 ET Summary Last week saw the FOMC make one-and-one-half decisions on Wednesday, followed two days later with the release of the most recent jobs data. In commenting on the statement at the post-meeting press conference, Chairman Powell was emphatic that the Com...

2023-05-08 19:59:00 ET Summary After more than 10 years providing guidance in both words and actions, central banks now feel forced to abandon this approach and set policy purely in response to economic data. Portfolios that have recognized the change in landscape and actively man...

2023-05-08 11:50:00 ET Summary Financial cracks from rate hikes have led to jitters over commercial real estate. Yet, granularity is key. We see opportunities in some U.S. industrial properties. The Federal Reserve signaled a pause may follow last week’s rate hike. Yet, job...

2023-05-06 02:00:00 ET Summary There is a thread running between the three crises being felt in the US right now. There are a number of indicators that we can track to help assess where we are and where we are likely to get to. The genesis of bank stresses in part reflects the...

2023-05-06 01:40:00 ET Summary The Federal Reserve’s Federal Open Market Committee (FOMC) voted to raise its target rate range by 25 basis points on Wednesday. The FOMC has increased its target rate ten times in the past fourteen months. The target rate range is now 5.0 to ...

2023-05-05 15:07:00 ET Summary With inflation still elevated and the labor market still “extraordinarily tight,” Fed chair Jerome Powell has kept the door slightly ajar for another hike. Markets had almost fully priced in a 25 bps rate increase, so the May 3rd decisi...

2023-05-04 12:00:00 ET Summary What are bond markets telling us about future Fed policy? How does the Fed navigate the numerous crosscurrents in the financial markets and economy? What's the outlook on the US dollar? The U.S. Federal Reserve delivers another ...

2023-05-04 04:36:12 ET Summary Today's 25 basis point rate hike was largely anticipated. Jay Powell's post-decision press conference was relatively dovish. The sell-off in stocks and the drop in rates that took place after the Fed's decision reflect fears about bank profitabil...

2023-05-03 22:03:00 ET Summary The Federal Reserve has raised interest rates by 25bp and signalled the threshold for justifying future rate increases is now higher than it was. With lending conditions rapidly tightening in the wake of recent bank stresses, we think this will mark ...

2023-05-03 17:30:00 ET Summary The Bureau of Labor Statistics reported the U-3 US unemployment rate as 3.5 percent in March 2023, which is near historic lows. Looking at the aggregate number of jobs accounted for in recent WARN filings across 39 US states, a similar pattern to wha...