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 Nov 05, 2021
Friday Nov 05, 2021
The October PMIs showed a strong post-delta wave recovery in services, but supply disruptions continued to weigh down momentum in manufacturing. That said, data out of EM Asia point to a nascent easing of bottlenecks there. The US jobs report revealed strong payroll growth and a further drop in unemployment, but supply constraints also were apparent in the participation rate and job flows. These supply-side issues are pressuring inflation higher and challenging central banks’ communications.
Speakers:
Bruce Kasman
Michael Hanson
This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2021 JPMorgan Chase & Co. All rights reserved.
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