FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 06/14/23

2023-06-14 19:20:00 ET Summary AIER’s Everyday Price Index fell 0.09 percent in May 2023 after rising for three of the first four months of this year. One June 13th, the US Bureau of Labor Statistics released the May 2023 Consumer Price Index. Prices of headline CPI con...

2023-06-14 14:06:00 ET Summary Shelter costs account for one-third of the US Consumer Price Index. The Labor Department's underlying data suggests that shelter inflation will fall toward zero in the months ahead, helping central banks to stop tightening and eventually bring much-n...

2023-06-14 06:40:00 ET Summary The pandemic may be over, but the aftershocks it created are still with us and have caused persistence in inflation. We believe the factors driving recent higher inflation reports are now receding, and we expect disinflation to resume this summer. ...

2023-06-14 04:57:00 ET Summary Commentary from Federal Reserve speakers had suggested that it would take a meaningful upside inflation surprise to convince them to hike at their June FOMC meeting on Wednesday. Annual core CPI (which excludes food and energy prices) eased from 5.5%...

2023-06-14 04:49:00 ET Summary The “Core” CPI has shown no change in direction for seven months, running at an annualized increase of just above 5%. The ZORI experienced a double-digit spike in 2021 through mid-2022 that never fully made it into the CPI indices becau...

2023-06-13 15:30:00 ET Summary Inflation continues to fall, with CPI dropping from 4.96% to 4.13% on a YOY basis, increasing the probability of a Fed pause from 77% to 94%. The real rate of interest has turned positive, and the Fed is expected to pause and perhaps raise rates one ...

2023-06-13 13:04:00 ET Summary May’s US CPI at 4% - the lowest since March 2021 - has increased the prospects of a Fed pause tomorrow; a July hike remains possible. The good news for consumers (but not corporate profits) is that recessions are typically disinflationary and ...

2023-06-13 12:10:00 ET Summary Last week was a momentous one, as the Reserve Bank of Australia and the Bank of Canada both decided to hike rates after enacting conditional pauses. These hikes were important because central banks’ policy decisions can prove infectious, convi...

2023-06-12 03:22:00 ET Summary Considering the March banking crisis, non-financial debt growth was tepid for the second straight quarter. With its AAA rating and attractive liquidity profile, GSE obligations are the perfect asset for money market funds. A spike in yields would...

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...