Franklin Templeton Fixed Income CIO Sonal Desai shares her perspective on the oil shock’s impact on growth, inflation and financial markets.

Franklin Templeton Fixed Income CIO Sonal Desai shares her preliminary views on the impact the conflict in Iran will likely have on bond yields, the US dollar and emerging market assets.

Franklin Templeton Fixed Income CIO Sonal Desai believes inflation is likely to remain stubbornly above target. With growth robust and the labor market showing signs of stabilization, this suggests the Federal Reserve’s easing cycle has already come to an end.

Looking ahead to 2026, hear from Franklin Templeton Fixed Income CIO Sonal Desai, and several portfolio managers as they share their market expectations.

Looking ahead to 2026, Franklin Templeton Fixed Income CIO Sonal Desai says that macro is back in the driver’s seat for financial markets’ performance and investment strategies.

In its October meeting, the Federal Reserve may have delivered the last rate cut of this year—and possibly the last of this easing cycle. Franklin Templeton Fixed Income CIO Sonal Desai explains her view on further monetary easing.

Amid heightened geopolitical and energy-driven inflation risks, central banks in North America are expected to stay on hold while those in Europe and Asia are poised to react if pressures persist, according to Franklin Templeton Fixed Income.

Growth is holding up across major economies, according to the Franklin Templeton Fixed Income team, but geopolitics and energy prices are raising inflation risks. Policy remains the key swing factor, with central banks potentially diverging. Find out more in the latest FTFI Macro Views.

The Franklin Templeton Fixed Income team believes the US economy is expected to remain resilient in 2026, while the euro area faces cautious optimism. Japan’s growth is underpinned by fiscal expansion and robust private demand. Find out more in the latest “Macro Views.”

Franklin Templeton Fixed Income economists weigh in on the future of monetary policy across the globe. US Federal Reserve Chair Jerome Powell hints at a potential rate cut in September. Meanwhile, the outlook for the eurozone is looking cautiously optimistic as business confidence rises. While wage growth progression and sticky food inflation are key factors likely to influence the BoJ's future rate decisions. Find out more in the latest “Macro Views.”

Franklin Templeton Fixed Income economists explore tariffs’ potential impact on growth and inflation in the United States and euro area. Meanwhile, all eyes are on the implementation of the German fiscal announcement. The recent Bank of Japan meeting was dovish, and markets were quick to pare back expectations on the pace of interest rate hikes as growth headwinds overshadowed inflation and wage concerns.

Franklin Templeton Fixed Income economists explore the impact of proposed changes to US tariffs and the implications for other economies. Meanwhile, the eurozone contemplates increasing defense spending given a United States that promises to be less active in global security, and the Bank of Japan tightens monetary policy in light of increased price pressures.

As the Middle East conflict causes widespread uncertainty for global financial markets, this paper offers a guide to the potential duration of volatility and the different impacts likely for emerging markets in the region and around the world.

The removal of Venezuela’s President Nicolás Maduro has materially improved the country’s outlook, according to Franklin Templeton Fixed Income Emerging Market Debt Director Nicholas Hardingham. He believes this action helps alleviate a long-standing political and economic impasse that had prevented reform, external engagement, and debt resolution.

Several factors point toward potential global growth acceleration in 2026. However, employment weakness poses a meaningful risk. Our experts share what this sideways outlook may mean for the economy, financial markets, and cross-country divergences.

Emerging markets defied expectations in 2025 amid a surprisingly favorable global environment and several historically troubled economies enacting significant structural reforms. Our Franklin Templeton Fixed Income team share their 2026 outlook for emerging market debt and assess whether these positive trends will continue.

While the broader economy remains stable, is recent stress in the auto finance space a harbinger of US consumer credit woes? Certain key indicators should be watched closely for signs of systemic stress.

Although global trade faces disruptions, emerging markets may prove resilient, according to the Franklin Templeton Fixed Income team. They explain why these markets can adapt to continue generating attractive opportunities for investors.

The Franklin Templeton Fixed Income team believes that the US economic outlook at this stage likely doesn't warrant additional monetary easing; however, outside the United States, economic growth still faces some challenges and suggests proceeding with caution. Read more in their latest Sector Views.

The Franklin Templeton Fixed Income team believes, despite increased clarity across both macroeconomic and market conditions, uncertainty remains. Read more in their latest Sector Views.

The Franklin Templeton Fixed Income team believes the US economy remains strong despite concerns over tariff policies and the fiscal deficit. The EU economy, however, is weaker with anemic growth, which has led the European Central Bank to cut rates. The US Federal Reserve's rate-cut expectations have fluctuated, reflecting concerns over economic policies. Read more in their latest Sector Views.

The Franklin Templeton Fixed Income team feels optimistic about the US economy, driven by consumer spending, which should limit the need for rate cuts by the US Federal Reserve. However, policy changes by President-elect Trump, such as increased tariffs and immigration changes, could add inflationary pressures. Read more in their latest Sector Views.

The Franklin Templeton Fixed Income team believes in a cautious stance on fixed income sectors as most spreads are hovering around 20-year lows, but still prefer high-quality, shorter-maturity assets that have attractive yields. Read more in their latest Sector Views.