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 14, 2025
Friday Nov 14, 2025
The balance of risks has been buffeted by resilient spending and survey data (the tick) and weak labor market data (and the tock). After a tick of solid 3Q GDP tracking and improving PMIs through October, we once again see the tock of even weaker labor market data this week from the US and Western Europe. Resilience into next year depends on how well the tick weathers the tock.
Speakers:
Bruce Kasman
Joseph Lupton
This podcast was recorded on 14 November 2025.
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3 months ago
On top of that, you often say the economy is holding up well, yet you overlook that much of today’s economic activity depends on fiscal support that is entirely unsustainable. The federal deficit is running near trillion dollars a year, which is about 6 percent of GDP, in order to generate real GDP growth of only 2 to 3 percent.
3 months ago
The economy is being held up by seven companies. Rates are far too high which is having a significant impact on goods expenditures/consumption. You should be far more focused on the goods, or real, economy.