Global Data Pod
Economists from J.P. Morgan Global Research offer their analysis on the economic data, macro trends and monetary and fiscal policy impacting the world today.
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Global Data Pod Weekender: Much ado about oil
<p>While not out of the woods, the tail risk around the Middle East shock has faded materially for now. This brings the conversation back to tracking the same forces for growth and inflation discussed before the war, with a dash less growth but a dash more inflation. The “not having your cake and eating it too” theme is back on the menu. The case for more hawkish central banks is made, most clearly for the Fed. </p> <p> </p> <p>Speakers:</p> <p>Bruce Kasman</p> <p>Joseph Lupton</p> <p> </p> <p>This podcast was recorded on 17 April 2026. </p> <p>T...
Global Data Pod Weekender: On the strait and harrow
<p>The fragile cease-fire has not opened the strait or even ended hostilities fully, but the hint of an end keeps our outlook on a path for energy prices to hold steady before gradually drifting lower in 2H26. Absent downside tail risks, which remain large, we see supports to weather the storm. However, signs of slowing consumer spending last quarter and a March drop in surveys raise concerns.</p> <p > </p> <p >Speakers:</p> <p >Bruce Kasman</p> <p >Joseph Lupton</p> <p > </p> <p>This podcast was recorded on April 10, 2026. </p> <p>This communication is provided for information purposes on...
Global Data Pod Weekender: All’s unclear that ends unclear
<p >The data in hand continue to paint a picture of solid momentum in activity at the start of the year. However, while today’s US payroll report was encouraging, the March global PMIs send a more cautionary signal that fear is building for where the expansion goes in the current quarter. From here, each week of closure in the Strait of Hormuz raises the risk considerably of a much more serious hit from the commodity shock. </p> <p > </p> <p >Speakers:</p> <p >Bruce Kasman</p> <p >Joseph Lupton</p> <p > </p> <p>This podcast was recorded on 3 April 2026. </p> <...
Global Data Pod Weekender: That's gonna leave a mark
<p>The energy price shock is finishing its fourth week and the risks of material macro damage are rising. Until then the baseline of Brent oil prices that hold at current levels through midyear and then moderate by year-end makes for a lot of debate (both "should" and "will") about central bank reactions. </p> <p> </p> <p>Speakers:</p> <p>Bruce Kasman</p> <p>Joseph Lupton</p> <p> </p> <p>This podcast was recorded on 27 March 2026. </p> <p>This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. A...
Global Data Pod Weekender: Another week into the unknown
<p>Strong momentum in 1Q leads to upward revisions but the ongoing Middle East conflict poses a larger downside to growth this year. Despite the growth hit, the boost to inflation and concern of second-round pass-through into core is complicating central bank reactions.</p> <p> </p> <p>Speakers:</p> <p>Bruce Kasman</p> <p>Joseph Lupton</p> <p> </p> <p>This podcast was recorded on March 20, 2026. </p> <p>This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may...
Global Data Watch Weekender: Strait no chaser
<p>The central risk to the outlook is whether oil begins flowing through the Strait of Hormuz. Baseline views are background features, with scenarios of elevated, high, and surging oil prices the key downside risks to growth. With uncertainty high, central banks will likely stay in wait-and-see mode. The degree to which cyclical context influences policy decisions is debated. A few brief remarks provided on Asian activity tracking. </p> <p> </p> <p>Speakers:</p> <p>Bruce Kasman</p> <p>Joseph Lupton</p> <p> </p> <p>This podcast was recorded on 13 March 2026. </p> <p>This communication is provided for information purposes onl...
Global Data Pod Research Rap: Inflation Monitor
<p>Nora Szentivanyi is joined by Raphael Brun-Aguerre, Michael Hanson and Allan Monks to discuss global inflation developments heading into the Iran conflict; the first-order impact of higher oil prices on headline CPI inflation; the likelihood and magnitude of second-order effects on core inflation and inflation expectations; and how central banks are likely to react to the shock.</p> <p>This podcast was recorded on March 12, 2026. </p> <p>This communication is provided for information purposes only. Institutional clients can view the related reports at </p> <p>https://www.jpmm.com/research/content/GPS-5216250-0</p> <p>https://www.jpmm.com/r...
Global Data Watch Weekender: Pricing in conflict
<p>The unexpected intensity of the war on Iran has rattled energy markets, threatening the global expansion. Timing and duration are as important as magnitude. Beyond the spillover of the conflict, activity is starting the year strong but labor markets continue to lag. </p> <p> </p> <p>Speakers:</p> <p>Bruce Kasman</p> <p>Joseph Lupton</p> <p> </p> <p>This podcast was recorded on 6 March 2026. </p> <p>This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may n...
Global Data Watch Weekender: What could go wrong?
<p>Incoming data support our call for a recoupling of weak job growth to solid GDP gains, driven by a fading of business caution. Beyond this near-term tracking, we consider the types of shocks that could disrupt the outlook further out—with a focus on how to think about AI’s impact.</p> <p> </p> <p>Speakers:</p> <p>Bruce Kasman</p> <p>Joseph Lupton</p> <p> </p> <p>This podcast was recorded on 27 February 2026. </p> <p>This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All righ...
Global Data Pod: Rare Earths
<p >J.P. Morgan Global Research recently launched the Industry and Policy Thematics group. The aim of this group is to provide timely analysis of economy-wide industry and policy topics, including issues related to security and resilience. </p> <p >In this episode we discuss the group’s inaugural report on Rare Earths, we discuss the rare earth supply chain, why rare earths are critical, common myths, and the potential US playbook going forward.<br> </p> <p >Featuring Jahangir Aziz, Co-Head of Economic Research and Head of Industry & Policy Thematics, and Samantha Azzarello, Head of Content Strategy.</p> <p > </p> <p >This...
