FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 02/18/24

2024-02-18 21:32:00 ET Summary It is that after trying to figure out whether the economy and markets would achieve a soft landing in the wake of the post-Covid tightening cycle, no one quite knows what to think now that the soft landing appears to have arrived. By and large, leadi...

2024-02-17 02:40:00 ET Summary This week was particularly trying, and most of all for the masses tethered to the “6 in ’24” narrative proclaiming six Fed funds rate cuts in 2024. Many of the categories that make up typical household budgets saw price gains in ...

2024-02-15 23:50:00 ET Summary The Fed’s close monitoring and well-signaled tapering of QT should prevent disruptions to the short-term funding markets - despite converging risks. Declining cash reserves across the US financial system have some market observers predicting a...

2024-02-15 11:30:00 ET Summary Inflation and Treasury yields move together to a degree, but they’re hardly joined at the hip in the short term. For the most part, it’s reasonable to assume that inflation influences the 10-year, although at times the causality can flo...

2024-02-15 03:00:00 ET Summary Headline year-over-year inflation still came down - to 3.1% from December’s 3.4% - though remaining above the expected 2.9%. Core goods prices declined for the third consecutive month. Activity data and inflation numbers all suggest that m...

2024-02-14 20:44:00 ET Summary US inflation report, a wake-up call to markets. What January's CPI data means for bond market. Why markets are once again not listening to what the Fed is saying about rates. U.S. CPI data for January came in hotter than expected, cau...

2024-02-14 10:15:00 ET Summary The overall inflation numbers seem to be picking up a significant relative price effect, which is not macroeconomic but microeconomic. If we focus on more recent price trends, the inflation picture looks more favorable. Stubbornly keeping policy ...

2024-02-14 06:30:00 ET Summary Headline inflation came in at 3.1% while core CPI came in at 3.9%. Seasonality has caused large upside surprises in each of the last three years. The January reading was moderately worrisome, but very unlikely to persist. The January ...

2024-02-14 06:22:00 ET Summary “Core services” CPI jumped by 0.66% in January from December, or by 8.2% annualized. In this inflation cycle, only three months were worse (April, June, and September 2022). “Core CPI,” a measure of underlying inflation th...

2024-02-13 18:25:00 ET Summary The consumer price index (CPI) for January showed that core inflation held steady at a rate of 3.9% last month, a small setback in a trend of moderating inflation in the U.S. Healing in global supply chains and a rebalancing of the U.S. labor market ...