FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 06/17/23

2023-06-17 07:30:00 ET Summary The volume of lending and money that goes out to support real economic activity has decelerated slightly, but is still above pre-COVID trends. However, the price of that credit has gone up. If the Fed's dual policy persists - keeping rates where they...

2023-06-16 22:50:00 ET Summary Going into the Federal Open Market Committee meeting this week, the over-under was a bit tighter than usual. The Summary Economic Projections showed the median projected Fed funds rate for 2023 to be 5.6 percent. If the SEP assumptions become rea...

2023-06-16 22:06:00 ET Summary The Committee released a new Summary of Economic Projections, which showed slow 2023 growth at 1.0%, though somewhat stronger than the 0.4% projected in March. Powell suggested that housing costs, among the key drivers of inflation now, have had a ve...

2023-06-16 21:10:00 ET Summary No one could have possibly been surprised by the Fed’s lack of action on Wednesday. They had signaled to anyone who would listen that they would pause. The official inflation figures have indeed moderated over the last year. As far as I ca...

2023-06-16 01:15:00 ET Summary At Wednesday’s meeting, for the first time since March 2022, the Federal Reserve (Fed) chose not to raise policy rates, instead keeping the benchmark rate at 5.00%-5.25%. However, the Fed still managed to deliver a hawkish blow to markets. ...

2023-06-15 11:15:00 ET Summary Although core PCE has fallen from its 5.4% peak in early 2022, it remains sticky in the mid-4% range. Another clue for expecting core PCE to show a stronger downside bias in the months ahead: Housing inflation has recently peaked. As for rate hik...

2023-06-14 23:16:00 ET Summary With this skip, the Fed has hiked by 500 basis points in 15 months. Core CPI, which, on a month-to-month basis, accelerated for the second month in a row, and hasn’t improved at all in seven months. The median projection for the federal fu...

2023-06-14 22:47:00 ET Summary Interest rates are relatively high from an historical perspective, but there are as yet few - if any - signs that monetary policy is too tight or that it is threatening the health of the economy. Without shelter costs artificially inflating the CPI, ...

2023-06-14 21:45:00 ET Summary The Federal Reserve leaves US interest rates unchanged but signals more hikes are on the cards with some hawkish projections for the economy. July is a 'live' meeting, according to Powell, but a one-meeting pause makes little sense given the long lag...

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...