Global Data Pod Weekender: Strap yourselves in

A modest contraction in 1Q US GDP masks stronger underlying strength and is also offset by upside surprises across Europe and Asia. Inflation surprises continue, this week notably in the Euro area. While energy prices to moderate across the DM, core is elevated and more sticky. Next week, the Fed is to ramp up the pace of its most rapid normalization in over a quarter-century, with a raft of hikes elsewhere. Downside risks to the global outlook from China loom large over the near-term.

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. © 2022 JPMorgan Chase & Co. All rights reserved.