Global Data Pod Weekender: I’m dreaming of a soft landing

A very busy week in monetary policy watching delivered a set of central banks that are intent on starting down the path of normalization sooner than anticipated earlier this year but with a sense that the journey will be incremental. The implicit hope is for a soft landing that returns labor market to full employment while containing inflation. In the near-term, our baseline sees growth and inflation slowing early next year. The current quarter is looking strong but the new COVID-19 threat poses downside risks to 1Q21 GDP and two-sided risks to inflation. Speakers: Bruce Kasman Joseph Lupton This podcast was recorded on December 17, 2021. 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.