Global Data Pod Weekender: Jumping to conclusions

A week of softer-than-expected data leads some to see earlier recession and others to see Goldilocks. We temper fearful conclusions from a “soft” US payroll report but see more concern in the retreat in the October business surveys. Nevertheless, we maintain our call for near-term resilience. 

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.