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Analysis of evolving market themes.

The Fed walks a line between inflation and financial stability

Given the fragilities in financial markets, the Fed will likely move cautiously in monetary tightening to fight inflation.

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Will interest rates go down?

Our base case for our strategy remains that a recession will wipe out excess savings, and the relatively low interest-rate environment will return.

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Economic Update for March 20, 2023

Highlights of key economic statistics from last week compiled by Putnam Investments.

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Temporary Mail Service Disruptions to Certain Countries Due to the Covid-19 Pandemic

Pursuant to the Security and Exchange Commission's Staff Statement Regarding Temporary International Mail Service Suspensions to Certain Jurisdictions Related to the Covid-19 Pandemic, Putnam Investments will be delaying mailings to affected shareholders. For a copy of the SEC's statement, click here.

The United States Postal Service is unable to deliver mail to certain countries or territories. For a current list of international mail service suspensions, click here.

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