FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 10/28/23

2023-10-28 06:03:00 ET Summary US inflation remains somewhat sticky, but intensifying concerns are now coming to the fore over the path for real household disposable income. Today's report showing real household disposable income falling for a fourth month in a row, and challenges...

2023-10-28 02:55:00 ET Summary The spike in inflation in “core services” (all services except energy services) was the big nasty surprise. The “Core Services” PCE price index spiked by 0.45% in September from August (5.5% annualized). The PCE price ...

2023-10-28 02:10:00 ET Summary Holding a tactical allocation to cash is less painful today than in the past due to high short-term interest rates. However, at some point, the Fed will cut rates, which will introduce reinvestment risk for investors holding T-bills. For investor...

2023-10-26 21:11:15 ET Summary Inflation is rapidly declining and is likely to continue to decrease further as shelter is declining, but enters the CPI with a considerable lag. The balance of the evidence points to pandemic-related factors as the main cause of the surge in inflati...

2023-10-25 22:31:00 ET Summary Future optimism improved, in part due to hopes of interest rates having peaked, something which looks increasingly likely given a further cooling of inflationary pressures signaled in October. The sustained growth recorded by the US PMI, albeit only ...

2023-10-25 21:10:00 ET Summary With this post I provide continued coverage of the all-important M2 money variable that almost no one, including the Fed, has bothered to pay attention to for the past several years. I'm happy to report that M2 continues to decline, thus ensuring con...

2023-10-24 14:48:00 ET Summary What growth surprises mean for interest rates. Why consumer spending trends are making the Fed's job harder. Divergence trends emerging in the bond market. U.S. Treasury yields have reached highs not seen since 2007. Alexandra Gorewicz,...

2023-10-24 04:54:00 ET Summary In the U.S., core inflation has fallen from 6.6% YoY to just 4.1%, and most of the remaining increase has come from owners’ equivalent rent. As technology continues to advance rapidly, generative AI could pose a threat to many middle-class ser...

2023-10-24 03:21:00 ET Summary While some argue that inflation remains a concern in 2023, it certainly is trending in the right direction. The consensus is that 2023 will witness a small decline in corporate earnings but then improve again as we move into Q4 and 2024. Credit s...

2023-10-20 21:25:00 ET Summary There’s always a lot of debate about what the best inflation hedge is. Is it gold, commodities, TIPS, stocks, Bitcoin, real assets or something else? There has been a lot of chatter about long-term bonds in recent weeks as yields continue to m...