Beyond Bulls & Bears

On My Mind: Fed Chair Powell—I still haven’t found what I’m looking for…
Fixed Income

On My Mind: Fed Chair Powell—I still haven’t found what I’m looking for…

Franklin Templeton Fixed Income CIO Sonal Desai believes that the Fed's March policy meeting was not as dovish as some commentators and market participants have claimed, and that the Fed is still pragmatic and cautious about inflation and rate cuts. In her view, getting inflation down to 2% will be harder and take longer than Federal Reserve Chair Jerome Powell expects, and she predicts that rate cuts will come only later—in the second half of the year.

On My Mind: The structural shift that wasn’t
Fixed Income

On My Mind: The structural shift that wasn’t

Markets seem to be coming around to our Franklin Templeton Fixed Income CIO Sonal Desai’s view that the Fed will have to keep interest rates higher for longer, but now runaway fiscal deficits pose further upside risk to yields in the long term, she warns. She shares her latest insights on the fiscal and monetary outlook and the implications for investors.