FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 09/06/23

2023-09-06 23:50:00 ET Summary The Atlanta Fed’s GDPNow is looking for nearly 6.0 percent annualized third-quarter real GDP growth. Is the coast clear of recession (for now), or is this the last gasp of strength? Monetary policy works with long and variable lags – no...

2023-09-06 23:30:00 ET Summary The primary reason why sentiment might be low is because sentiment tends to lag. If you review past recessions sentiment will always decline during a recession. Real wages tricked us on the upside, then depressed us on the downside. Real wages su...

2023-09-06 03:15:00 ET Summary On the interest rate front, the Federal funds rate is now close to systematic benchmarks that have historically been consistent with prevailing core inflation, nominal GDP growth, and unemployment. By dropping interest rates to just 1% after the coll...

2023-09-05 11:30:00 ET Summary We up short-term sovereign bonds on attractive yields and downgrade credit in the long run. We stay cautious on long-term bonds even with the surge in yields. U.S. stocks recovered last week as 10-year yields slid from 16-year highs. Jobs data showed...

2023-09-05 02:25:00 ET Summary The Bureau of Labor Statistics announced the Personal Consumption Expenditures Price Index (PCEPI) increased 0.2 percent in July. Averaging over the past five months, the PCEPI has grown at 2.16 percent annually. For three months and one month, the f...

2023-09-04 02:20:37 ET More on Franklin ETF Trust - Franklin Liberty Short Duration U.S. Government ETF For further details see: Franklin Liberty Short Duration U.S. Government ETF declares monthly distribution of $0.3430

2023-09-02 00:15:00 ET Summary Establishment Survey reports a gain of 187,000 and the Household Survey reports a gain of 222,000. Each continues the rising trend since 2020. Real Personal Income continues to rise. Inflation reported as the 12mo Trimmed Mean PCE sustains above 4% w...

2023-08-31 14:15:00 ET Summary After more than two years of high inflation, the Federal Reserve finally has inflation back on target. The Fed is aiming for 2 percent inflation. Now, inflation is back around 2 percent. In general, the Fed should set expectations and then delive...

2023-08-31 02:15:00 ET Summary Some idea of where equilibrium might be for interest rates is important to gauge both the stringency of monetary policy as well as the value opportunity for bonds. For investors, bond yields tend to over- and under-shoot their equilibrium in harmony ...

2023-08-30 20:25:00 ET Summary This brief post highlights some under-appreciated news contained in today's revised estimate of Q2/23 GDP. Real growth in the quarter (annualized) was revised down from 2.4% to 2.1%, and inflation was revised down from 2.2% to 2.0%. We're very mu...