Global Data Pod Weekender: Losing my religion

Another week of data showing resilient growth—even strong in the case of the US—along with upside surprises in inflation add to the risks that the most rapid global hiking cycle in over forty years has longer to run. While we are willing to fade some of the signal in the punchy January data, the pressure is on for February data to show a return to the path of moderating growth and inflation in line with the goals of central banks to generate a soft-landing. Speakers: Bruce Kasman Joseph Lupton This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.