1) Can you once check if all the connections to the device on the breadboard are as per the operating conditions for the device.
2) Can you provide a common ground for the device and the MCU. The SPI protocol may not respond if the ground potential is different for the MCU and device.
3) You can also try to put more GND connections between MCU and memory device.
Thanks for the response,
It appears that my test setup was the problem. I had prototyped the FRAM chip on a breadboard and connected the SPI interface using test leads to a terminal block that was connected to my MCU. The capacitive load introduced by the cabling and terminal block must have exceeded the drive capability of the SO pin. Once I rewired the test setup, the problem went away.