FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 06/11/23

2023-06-11 09:45:00 ET Summary The Fed’s anti-inflation fight has been helped by the fall in oil and energy pricing. We think most of the benefit of the oil price decline is behind us. Furthermore, the strategic outlook is for higher, not lower, oil prices. Though, we c...

2023-06-09 03:30:00 ET Summary This week’s price action has been largely contained when you look across the major FX pairs, gold, and indices, although some big moves have been observed in some emerging market currencies (not least the Turkish lira). Among the majors, the A...

2023-06-08 05:30:00 ET Summary Inflation in the United States continues to cool, falling in April 2023 to its lowest level in two years. The long period of sustained low inflation was enabled by globalization, the Internet age, and demographics. U.S. economy is absorbing and r...

2023-06-06 09:59:00 ET Summary The S&P 500 reached a new high for 2023, driven mainly by tech mega-caps. A broader rally could continue if economic data remains mixed and the Fed pauses rate hikes. Technical indicators suggest a potential 9% surge in the stock market if a ...

2023-06-06 04:39:00 ET Summary The Fed may not raise rates in July, as inflation is expected to continue to decline. Housing prices have been falling for the past 18 months, which will lead to negative Owner's Equivalent Rent component of the CPI in the coming months. The econ...

2023-06-05 19:57:00 ET Summary The US economy continues to grow with no signs of deceleration, and wage inflation remains well above reasonable goals. The Federal Reserve must weigh the risks of overshooting due to time lags in monetary policy effects versus not doing enough initi...

2023-06-05 13:20:00 ET Summary We see the market’s focus returning to higher-for-longer rates and sticky inflation after a U.S. debt ceiling deal. We prefer an up-in-quality portfolio. U.S. stocks hit 2023 highs after the debt ceiling deal. Yields rose amid the specter of r...

2023-06-02 22:30:00 ET Summary The service sector has historically kept the US economy afloat during manufacturing contractions, allowing for a "soft landing" scenario. The monetary conditions index suggests economic growth will pick up later this year, which could explain the sto...

2023-06-01 15:04:00 ET Summary The US House of Representatives has passed a debt ceiling bill, which is expected to clear the Senate within the next few days. The US government will need to sell an estimated $1.25tn in T-bills to replenish cash in the operating account and cover s...

2023-05-31 12:55:00 ET Summary While the market prices in a much higher likelihood of a rate hike at the June meeting, there was some decent news on the inflation front. In this month’s update of the Conference Board’s Consumer Confidence report, the inflation expect...