Odaily Planet Daily reports that Franklin Templeton Investments stated on Wednesday that while the US economy is growing steadily and consumer spending continues, inflation concerns are expected to lead to a smaller-than-expected rate cut by the Federal Reserve. They predict the final rate target for this policy cycle may be higher than 3.5%, exceeding the market consensus of around 3%. However, given the improved health of US companies and low default rates, they remain optimistic about the outlook for non-investment grade bonds. (Golden Ten)