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.
Episodes
Friday Aug 04, 2023
Friday Aug 04, 2023
The July data releases reinforce our conviction that the global expansion has more life. The global all-industry PMI remains at a level consistent with trend-like growth while the US payroll report shows ongoing solid job gains. The momentum loss in both, however, is a reminder that growth paths are rarely smooth. Even if the near-term threats are fading, resilience in growth along with tight labor markets and inflation above central bank comfort zones keeps an observational equivalence between our “Boil the Frog” and “Goldilocks” scenarios.
Speakers:
Bruce Kasman
Joseph Lupton
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