23 min
Global Data Pod Weekender: And now, a word from our PMIs Global Data Pod
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- Business
The May flash PMIs this week add to confidence that US growth is resilient and that Europe is rebounding from last year’s stall. Consumer spending is still a weak point in Europe through last quarter, but this only reinforces our view that spending will perk up. Confidence in the disinflation path still points to ECB and BoC cuts in June, while risks for the Fed and BoE are pushing further out—underscored by a warning in this week’s Fed minutes and a strong upside surprise in UK April inflation.
Speakers:
Bruce Kasman
Joseph Lupton
This podcast was recorded on 24 May 2024.
This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 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.
The May flash PMIs this week add to confidence that US growth is resilient and that Europe is rebounding from last year’s stall. Consumer spending is still a weak point in Europe through last quarter, but this only reinforces our view that spending will perk up. Confidence in the disinflation path still points to ECB and BoC cuts in June, while risks for the Fed and BoE are pushing further out—underscored by a warning in this week’s Fed minutes and a strong upside surprise in UK April inflation.
Speakers:
Bruce Kasman
Joseph Lupton
This podcast was recorded on 24 May 2024.
This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 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.
23 min
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