FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 08/04/23

2023-08-04 03:11:00 ET Summary The feud between the unions and the movie/television studios centers around demands for higher pay, better working conditions, and protections from AI technologies, which could theoretically replace actors and writers. The stock market continued its ...

2023-08-03 09:00:00 ET Summary The US money supply contracted at a slightly slower pace during the latest month for which there are monetary data. Continuing the QT program at the current rate would remove about $380B from the money supply over the remainder of this year. One ...

2023-07-31 11:19:00 ET Summary Falling inflation, recovering growth, relaxed central bankers—how one of the most widely forecast recessions in history failed to happen. Germany is in mild recession, but the rest of Europe’s large economies are ticking over. The U.S. ...

2023-07-31 07:00:00 ET Summary Both headline and core inflation measures have made material progress to the downside in recent months. Headline CPI should continue grinding lower in the short term, but, any sustained rise in energy and food prices would likely see inflation pressu...

2023-07-31 05:38:00 ET Summary The Federal Reserve raised its federal funds rate target range to 5.25 to 5.50 percent on Wednesday. Core PCEPI, which excludes volatile food and energy prices and is therefore thought to be a better predictor of future inflation, is also falling. ...

2023-07-29 03:15:00 ET Summary After Wednesday’s FOMC meeting, we figured the likelihood of another hike at the next meeting, in September, was more or less a coin flip. Then came the second quarter GDP report on Thursday, showing that the US economy grew by 2.4 percent (an...

2023-07-29 02:35:00 ET Summary The Federal Reserve’s decision to raise policy rates by 25 basis points at their July meeting was no surprise to investors. However, future policy decisions are decidedly less certain and will be heavily influenced by the level of core inflati...

2023-07-28 21:30:00 ET Summary The Federal Reserve has expressed concerns about a double bump in inflation. That is a scenario where inflation surges and then jumps higher again for various reasons. The most common period of concern is the 1970s where inflation surged in the 1973-...

2023-07-27 10:20:00 ET Summary Overall inflation has moderated in the United States and euro area. But core inflation, excluding food and energy prices, has declined more slowly. Services inflation has proven to be particularly sticky. At the same time, financial conditions have e...

2023-07-25 21:10:00 ET Summary The June M2 number was released today and it was unremarkable. ear over year M2 growth is running at about a -4% rate, while M2 has been relatively flat over the past three months. It continues to amaze me that only a handful of Fed watchers pay ...