Global Data Pod

Hosted by J.P. Morgan Global Research

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100

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Aug 2026

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About the show

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.

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60 recent

August 21, 2026Episode 43029 min

Global Data Pod Weekender: Beachside banter

While the soft July data made us a little nervous, the August data is rebuilding confidence in a cyclical lift. As the business cycle regains its swagger, the odds of hikes will shift back up. More structural forces are also lifting yields, as both neutral rates and term premia are adding to longer-term borrowing costs. The downside depends on how current asset prices are a function of lower borrowing costs. There will be little to echo from the Grand Tetons around Jackson Hole. Speakers: Bruce Kasman Joseph Lupton This podcast was recorded on 21 August 2026. 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

August 21, 2026Episode 42920 min

Global Data Pod: Western Europe motors on

Greg Fuzesi and Raphael Brun-Aguerre discuss the positive growth signals out of Western Europe and whether that will push the more reluctant central banks to hike. This podcast was recorded on 21 August 2026. This communication is provided for information purposes only. © 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

August 17, 2026Episode 42825 min

Global Data Pod: Will Georgia Get a Rating Upgrade?

Georgia’s economy continues to defy expectations, with growth remaining exceptionally strong, despite a challenging external backdrop. In this episode, we discuss the drivers of Georgia’s resilience, including the rapid expansion of IT and services exports, fiscal discipline, strong capital inflows, and improving external buffers. With S&P recently revising Georgia’s sovereign rating outlook to positive, we explore the outlook for growth and inflation, the country’s evolving geopolitical positioning and whether strengthening macro fundamentals could ultimately pave the way for a rating upgrade. Speakers Khamza Sharifzoda, EM, Economic and Policy Research Nicolaie Alexandru-Chidesciuc, EM, Economic and Policy Research This podcast was recorded on August 17, 2026. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5350562-0 for more information; 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

August 7, 2026Episode 42740 min

Global Data Pod Weekender: Mixed nuts

A week of mixed signals on our call for a cyclical lift has us scratching our heads. The surveys for July are flashing green for a strong pickup in the pace of activity this quarter. Unfortunately, what we have viewed as the key ingredient for this lift went cold last month as US jobs came in with a thud. How much signal to take from this latest sign of weakness in US hiring will tell the tale for growth and central bank policy for 2H26. Speakers: Bruce Kasman Joseph Lupton This podcast was recorded on 7 August 2026. 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

July 31, 2026Episode 42638 min

Global Data Pod Weekender: Vibe check

The view is tracking a cyclical lift that comes with job growth, which in turn will amplify already elevated inflation concerns and spark a central bank turn toward tightening. Whether the mood around this call is shifting for the better or not is up for debate given ongoing downside worries. Against this backdrop, Chair Warsh’s performance in conveying an effective Fed policy path is also up for debate. Speakers: Bruce Kasman Joseph Lupton This podcast was recorded on 31 July 2026. 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

July 31, 2026Episode 42522 min

Global Data Pod: Solid growth and clarity of speech in W. Europe

Greg Fuzesi and Allan Monks discuss the solid 2Q26 GDP reports and the (relative) clarity of central bank speak in Western Europe. This podcast was recorded on 30 July 2026. This communication is provided for information purposes only. © 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

July 30, 2026Episode 42427 min

Global Data Pod: Inflation Monitor: Inflation down, but not out

Nora Szentivanyi is joined by Greg Fuzesi and Michael Hanson to discuss the latest inflation developments and the outlook for the second half. The pullback in energy prices delivered a sizable disinflationary impulse in June, but that inflation drag is unlikely to persist unless oil prices move lower again. Global core inflation eased in June, but owed largely to a soft US print which may be understating underlying momentum. Through the noise, global core inflation remains sticky at closer to 3%––a level we expect to be maintained during 2H26. Lower food inflation has helped to temper the energy shock, but risks are for a turn higher as El Niño intensifies. This podcast was recorded on July 30, 2026. This communication is provided for information purposes only. Institutional clients can view the related reports at https://www.jpmm.com/research/content/GPS-5381620-0 https://www.jpmm.com/research/content/GPS-5352836-0 https://www.jpmm.com/research/content/GPS-5372703-0 https://www.jpmm.com/research/content/GPS-5370262-0 https://www.jpmm.com/research/content/GPS-5368433-0 for more information; 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

July 24, 2026Episode 42337 min

Global Data Pod Weekender: The eagle and snake

The outlook has been viewed through the lens of a strong cyclical lift clashing with a set of geopolitical drags. The past week has delivered positive news on the cycle, but this also comes with news of an intensifying energy shock and trade war. As central banks weigh these forces, they are remaining constructive on growth and thus focus is on ongoing inflation pressures. Speaker: Bruce Kasman Joseph Lupton This podcast was recorded on 24 July 2026. 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

July 24, 2026Episode 42226 min

Global Data Pod: The starting point is good and that matters

Greg Fuzesi and Allan Monks discuss the latest on the Western European economy, which is seeing improving growth face off against yet another energy price shock. This podcast was recorded on 24 July, 2026. This communication is provided for information purposes only. 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

July 17, 2026Episode 42132 min

Global Data Pod Weekender: One-and-a-half-handed economists

While there are considerable crosscurrents on both the growth and inflation fronts, our views remain squarely focused on resilient global growth (with risks biased to the upside) and a 2H26 global inflation profile that downshifts to a still elevated level. Speakers: Bruce Kasman Joseph Lupton This podcast was recorded on 17 July 2026. 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. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.