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 Oct 27, 2023
Friday Oct 27, 2023
US real GDP boomed last quarter but the more meaningful signal was in the strong nominal income gains that will support growth into year-end. This contrasts with a disappointing flash October PMI reading from Europe, underscoring our call for weakness to continue. While we see the odds of a Dec hike as higher than current pricing, we expect next week’s Fed to deliver a hawkish hold to see more data. The BoJ is expected to edge closer to removing YCC bands in favor of a more flexible approach to JGB interventions (though not next week).
Speakers:
Bruce Kasman
Joseph Lupton
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