Global Data Pod Weekend: Up, up, and away

Inflation once again surprised to the upside globally this week, with big jumps in the US, LatAm, and much of the CEE, due in part to accelerating energy and services prices. This hit to purchasing power has notably weakened sentiment, particularly in the US. Global auto production also has been beaten down, but some easing of bottleneck pressures should contribute to a strong IP bounce this quarter, starting with next week’s October prints for the US and China. Speakers: Bruce Kasman Michael Hanson This podcast was recorded on date. This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2021 JPMorgan Chase & Co. All rights reserved.