At Any Rate

Global FX: USD tactics versus strategy, redux

Ben Shatil and Patrick Locke discuss the dollar outlook following this week’s CPI inflation print.

 

This podcast was recorded on 12 August 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4178532-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

EM Fixed Income: China’s impact on EM fixed income

Jonny Goulden and Saad Siddiqui discuss the channels through which China’s slower growth can impact the different parts of EM fixed income: EM FX, rates and credit markets.

This podcast was recorded on August 4, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4169250-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

US Rates: A long, hot summer

J.P. Morgan Chief US Economist Mike Feroli joins interest rate strategists Jay Barry and Alex Roever to discuss take-aways from the July FOMC meeting, the outlook for policy rates, impact on the treasury curve, and outlook for Treasury’s August refunding.

 

Speakers

Alex Roever, US Rates Strategy

Michael Feroli, Economic and Policy Research

Jay Barry, US Fixed Income Strategy

 

This podcast was recorded on July 29, 2022.

This communication is provided for information purposes only. Institutional clients can view the related reports at www.jpmm.com/resehttps://www.jpmm.com/research/content/GPS-4159127-0, https://www.jpmm.com/research/content/GPS-4159401-0, and https://www.jpmm.com/research/content/GPS-4160963-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Global FX: Tactics vs. strategy around the dollar

Arindam Sandilya, Patrick Locke and Ben Shatil discuss the dollar and yen outlook following this week’s Fed meeting.

 

This podcast was recorded on 29 July 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4162663-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

 

Commodities Focus: Inflation Reduction Act and its Implications for Oil

Natasha Kaneva and Ted Hall discuss the proposed Inflation Reduction Act and the recent sell-off in the commodities market. On Wednesday, Sen. Chuck Schumer and Sen. Joe Manchin unveiled the Inflation Reduction Act of 2022—a $739 billion revenue-and-spending deal aimed at lowering carbon emissions and curbing healthcare costs. If approved, this would be the biggest federal investment in clean energy ever made in the US. And, despite financial markets trying to price in a recession, crude oil prices have moved in the direction of our base case forecast. Crucially, neither our oil demand estimates nor our price forecasts established in mid-March envisioned a recession. While we do not believe the risk of recession is priced in the oil price yet, that risk is growing.

 

This podcast was recorded on Friday 29th July 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4158963-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

EM Fixed Income: Signs of complacency emerging

Jonny Goulden and Saad Siddiqui discuss the recent signs of complacency emerging in EM markets, as the relief rally leaves negative real rates looking low compared to the risks ahead.

This podcast was recorded on July 28, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4160842-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Japan Markets: BoJ’s policy and Japan markets update

Featured in this podcast are Tohru Sasaki, Ayako Fujita, Takafumi Yamawaki and Rie Nishihara

This podcast was recorded on Jul 22, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at https://jpmorganmarkets.com/research/content/GPS-4145611-0, https://jpmorganmarkets.com/research/content/GPS-4147191-0, https://jpmorganmarkets.com/research/content/GPS-4150862-0, https://jpmorganmarkets.com/research/content/GPS-4145839-0 and https://jpmorganmarkets.com/research/content/GPS-4153834-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Global FX: A fragile summer

Meera Chandan, Arindam Sandilya and Patrick Locke discuss the key issues to focus on for the euro, China and the upcoming Fed meeting.

This podcast was recorded on July 22, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4154377-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

EM Fixed Income: Looking kinda stressed

Jonny Goulden and Saad Siddiqui discuss the recent signs of stress in EM fixed income markets and whether these point to a bottom for EM risk assets or are part of an ongoing period of macro headwinds.

This podcast was recorded on July 21, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4152980-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Global FX: Hot week for EUR/USD

This week will be an action-packed one for EUR/USD with the ECB, Italian politics and gas supplies from Russia all in focus. We unpack these issues and discuss implications relevant for rates and FX investors.

This podcast was recorded on July 18, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4141167-0, www.jpmm.com/research/content/GPS-4147414-0, www.jpmm.com/research/content/GPS-4148303-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.