Global Data Pod

The US labor market delivered a much-needed bounce, trimming the downside risks that had been building as wealth effects and tax cuts were fading in the face of a rising energy shock. The US election will have some macro consequences with respect to the AI build-out, two wars (trade and Iran), and likely budgetary slippage. Risks of tightening financial conditions edge higher, but we end the week feeling better on balance.    Speaker: Bruce Kasman, Chief Economist Joseph Lupton, Co-Head Economic Research   This podcast was recorded on 6 November 2026. (http://www.jpmm.com/research/disclosures) 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 not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Without prior written consent from J.P. Morgan, it is prohibited to (A) use or share any material, commentary, information or other data received from J.P. Morgan or an authorized third-party ("J.P. Morgan Data") in any artificial intelligence ("AI") systems or models, or (B) use automated means, including robots, crawlers, web-scrapers or other automated tools or scripts, to access, collect, extract or harvest any J.P. Morgan Data, including scraping of user data, content, metadata, pricing information or other information.

Greg Fuzesi and Allan Monks discuss Western European central banks, which are still hiking post-midterms.   This podcast was recorded on November 06, 2026. This communication is provided for information purposes only.  Please visit www.jpmm.com/research/disclosures for important disclosures. Copyright 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Without prior written consent from J.P. Morgan, it is prohibited to (A) use or share any material, commentary, information or other data received from J.P. Morgan or an authorized third-party ("J.P. Morgan Data") in any artificial intelligence ("AI") systems or models, or (B) use automated means, including robots, crawlers, web-scrapers or other automated tools or scripts, to access, collect, extract or harvest any J.P. Morgan Data, including scraping of user data, content, metadata, pricing information or other information.

Nora Szentivanyi is joined by Abiel Reinhart and Raphael Brun-Aguerre to discuss the latest global inflation developments. Inflation pressures broadened in September, with both core goods and services inflation moving higher alongside firmer food and energy prices. Risks to the outlook are shifting once again as oil prices fell sharply this week, while a historically intense El Niño is starting to pass through to food prices in parts of EM. We discuss the latest US and Euro area inflation signals and the implications for inflation forecasts and monetary policy. Related Research Reports  Global Inflation Monitor: Another squeeze, with broader pressures El Nino Tracker: Food inflation picks up in EM US CPI & TIPS: On firmer footing  Euro area: Higher headline but broadly stable core US: A piece of the puzzle - wages, slack and inflation  This podcast was recorded on 05 November 2026. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5499686-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. Copyright 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Without prior written consent from J.P. Morgan, it is prohibited to (A) use or share any material, commentary, information or other data received from J.P. Morgan or an authorized third-party ("J.P. Morgan Data") in any artificial intelligence ("AI") systems or models, or (B) use automated means, including robots, crawlers, web-scrapers or other automated tools or scripts, to access, collect, extract or harvest any J.P. Morgan Data, including scraping of user data, content, metadata, pricing information or other information.

Incoming news reinforces the message of strength for global growth last quarter, albeit somewhat mixed with the US leading the way. Moderation is expected this quarter but robust profit growth should be the catalyst for a rotation to labor markets perking up. Downside risks can been seen in rising energy shocks, fading wealth effects, and waning fiscal impulses. Central banks remained on hold this week but signaled broadly that hikes are on deck before year-end. Speakers: Bruce Kasman, Chief Economist Joseph Lupton, Co-Head Economic Research This podcast was recorded on 30 October 2026. (http://www.jpmm.com/research/disclosures) 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 not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Without prior written consent from J.P. Morgan, it is prohibited to (A) use or share any material, commentary, information or other data received from J.P. Morgan or an authorized third-party ("J.P. Morgan Data") in any artificial intelligence ("AI") systems or models, or (B) use automated means, including robots, crawlers, web-scrapers or other automated tools or scripts, to access, collect, extract or harvest any J.P. Morgan Data, including scraping of user data, content, metadata, pricing information or other information.

Greg Fuzesi and Raphael Brun-Aguerre discuss the coming change in leadership at the ECB, the direction of travel on monetary policy and the latest news on Euro area growth and inflation.   This podcast was recorded on 30 October 2026. This communication is provided for information purposes only. Institutional clients; please visit www.jpmm.com/research/disclosures for important disclosures. Copyright 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Without prior written consent from J.P. Morgan, it is prohibited to (A) use or share any material, commentary, information or other data received from J.P. Morgan or an authorized third-party ("J.P. Morgan Data") in any artificial intelligence ("AI") systems or models, or (B) use automated means, including robots, crawlers, web-scrapers or other automated tools or scripts, to access, collect, extract or harvest any J.P. Morgan Data, including scraping of user data, content, metadata, pricing information or other information.