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Franklin Templeton Fixed Income Macro Views: Stuck in a moment
Franklin Templeton Fixed Income economists are seeing increasing divergence in the monetary policy paths across the Group of Three (G3) nations. While sustained disinflation is far from guaranteed in the United States, keeping the US Federal Reserve vigilant, the European Central Bank has embarked on a controlled monetary policy easing cycle. Meanwhile, the Bank of Japan has to weigh the economic benefits of a weak yen against its impact on inflation expectations, in order to decide how far to raise policy rates this year.
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