Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

FX & Rates

The New Zealand dollar is the official currency of New Zealand.  

<ul><li>Market pricing reflects less Fed cuts than previously expected, with uncertainty surrounding the impact on the dollar</li><li>RBNZ rate cut delivered as expected, leading to potential further kiwi weakness</li><li>Labor market data and rate pricing are key factors to watch for potential future movements in FX markets</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Market pricing reflects less Fed cuts than previously expected, with uncertainty surrounding the impact on the dollarRBNZ rate cut delivered as expected, leading to potential further kiwi weaknessLabor market data and rate pricing are key factors to watch for potential future movements in FX marketsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Fed easing and dollar weakness: uneasy bedfellows

Macroeconomics

<ul><li>Inflation rates are gradually slowing, with both headline and core inflation in line with expectations and at multi-year lows</li><li>Housing prices showed more firming than expected, particularly in rental markets</li><li>Markets are pricing in very soft core CPI inflation over the coming months, with expectations for gradual disinflation and a focus on wage growth by the Fed</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Inflation rates are gradually slowing, with both headline and core inflation in line with expectations and at multi-year lowsHousing prices showed more firming than expected, particularly in rental marketsMarkets are pricing in very soft core CPI inflation over the coming months, with expectations for gradual disinflation and a focus on wage growth by the FedThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

US Rates Strategy: July CPI, Jackson Hole, and Jittery markets

<ul><li>Carry strategies experiencing drawdowns, wiping out YTD gains</li><li>Market expected to stabilize after recent shocks, carry strategy appeal diminished</li><li>Yen likely to take a breather, BOJ stance unchanged, market normalization ongoing.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Carry strategies experiencing drawdowns, wiping out YTD gainsMarket expected to stabilize after recent shocks, carry strategy appeal diminishedYen likely to take a breather, BOJ stance unchanged, market normalization ongoing.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Weak employment data led to a shift in Fed forecast, with projected rate cuts in September and November</li><li>Rates have backed off from lows, with markets pricing in a less dovish path</li><li>Treasury market in transition, with dealer balance sheets at bloated levels and auctions showing poor results due to lack of demand from traditional investors.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Weak employment data led to a shift in Fed forecast, with projected rate cuts in September and NovemberRates have backed off from lows, with markets pricing in a less dovish pathTreasury market in transition, with dealer balance sheets at bloated levels and auctions showing poor results due to lack of demand from traditional investors.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

US Rates: July Morning turns into Cruel Summer

<ul>
<li>Financial crisis causing extreme volatility in EM fixed income assets</li>
<li>Three factors driving market moves: concerns of US and global recession, unwind of carry positions, concerns of escalation in Middle East</li>
<li>Not currently positioning for a US recession as labor market softens but job growth remains positive.</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Financial crisis causing extreme volatility in EM fixed income assets
Three factors driving market moves: concerns of US and global recession, unwind of carry positions, concerns of escalation in Middle East
Not currently positioning for a US recession as labor market softens but job growth remains positive.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

EM Fixed Income: Olympic-level Volatility