FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 07/04/23

2023-07-04 07:15:00 ET Summary Inflation is past its peak, but it is set to remain a lot higher for a lot longer than initially anticipated. The burden of bringing down inflation falls on the shoulders of independent and inflation-targeting central banks, who are price-takers of g...

2023-07-03 20:59:00 ET Summary Japanese yen and Chinese yuan have seen some depreciation, given their more accommodating policies. The euro has been settling into a trading range against the U.S. dollar, thanks to the mixed picture on inflation and the pace of rate increases. ...

2023-07-03 13:54:00 ET Summary The latest data from the Bureau of Economic Analysis (BEA) shows that inflation is slowing. Although headline inflation has fallen, Fed officials are concerned about core inflation, which excludes volatile food and energy prices and is thought to be ...

2023-07-03 10:38:00 ET Summary Despite hawkish policymakers and very mixed economic data, the approaching plateau in rates brings more clarity and conviction to our fixed income views. The peak in rates will come as a relief for some, but if they stay at high levels it will keep t...

2023-07-03 09:30:00 ET Summary Powell talks tough on the inflation fight two weeks in a row without persuasive evidence that the Fed needs to do more. Threatening rate increases or actually implementing them does not mean the Fed is removing the liquidity punchbowl. The market...

2023-07-01 00:25:00 ET Summary The consensus opinion is inflation will fall to the 3% range or lower within 18 months or so. The data does not support this thesis. The greatest risk for investors is placing a bet that rates will fall when history does not support this outcome. ...

2023-06-29 23:20:00 ET Summary Inflation targeting has been a cornerstone of the Federal Reserve’s monetary policy for several years. The Federal Reserve’s desire to minimize financial stress while managing disinflation is the primary motivation for revisiting the in...

2023-06-28 20:25:00 ET Summary According to data released yesterday, M2 increased by $131 billion in May, breaking a 9-month losing streak totaling just over $1 trillion. M2 has fallen 4% in the past 12 months, and is up only 0.9% in the past 24 months. Yet M2 is still about $...

2023-06-26 20:32:00 ET Summary One factor driving the recession talk is the Federal Reserve's higher interest rate push in an effort to lower the rate of inflation. With the stimulus dollars held in savings, consumers eventually began to get comfortable with spending and have been...

2023-06-26 11:05:00 ET Summary We see the outlook brightening for Japanese stocks vs. developed peers given fewer supply constraints, supportive monetary policy and corporate reforms. Developed market short-term bond yields rose last week after the Bank of England hiked rates agai...