FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 05/11/23

2023-05-11 00:26:00 ET Summary Now that the central bank signals an intention to keep policy tight for quite a while, most investors are quite happy to bet against it. US Treasuries have again rallied even in response to an April Consumer Price Index inflation report that shows he...

2023-05-10 22:11:00 ET Summary It’s no secret that for the past decade and a half, the Federal Reserve has made it its mission to create a “wealth effect” in the economy by boosting asset prices. Since quantitative easing began in 2008, the trajectory of the e...

2023-05-10 21:30:00 ET Summary The CPI for April, released today by the Bureau of Labor Statistics, was marked by a very unwelcome reversal in durable goods prices which suddenly jumped again month-to-month. Services inflation remains red hot, but was somewhat moderated by a sharp...

2023-05-10 16:58:00 ET Summary Another 0.4% MoM print for core CPI means that inflation is still running far too hot for the Federal Reserve to relax. Nonetheless, there are some signs that service sector price pressures are moderating so a June Fed pause looks likely. With co...

2023-05-10 01:59:00 ET Summary I think that the Fed had to take the olive branch that the market was extending to it with fully pricing in this rate hike. The First Republic going into receivership and having the merger there - I think from that vantage point, it was a win-win-win...

2023-05-09 20:45:00 ET Summary Why a policy shift may come sooner than expected from the Fed. Was the latest rate hike by the Fed Reserve a policy mistake? The Fed could be about to make a policy move on bond purchases, and what it means for markets. Concerns...

2023-05-09 20:20:00 ET Summary Wednesday morning the much-awaited CPI report is released by the BLS and as the clock ticks down to the 8:30 release, market expectations are the YoY inflation rate will come in at 5%. A low monthly inflation rate was also reported in April 2022, i.e...

2023-05-09 02:25:00 ET Summary It's true that the Fed is very tight and the yield curve is very inverted - both being classical precursors to recessions in the past. While some observers note with concern the unprecedented decline in the M2 money supply over the past year, I view ...

2023-05-09 02:10:00 ET Summary Central bank hiking cycles in the developed world are slowly but surely coming to an end, raising the question of whether they have pulled off a soft landing. On the face of it, the answer to this question is a resounding no. Interest rates in Europe...

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...