Global Data Pod Weekender: Let me hear your cycle talk

Global Data Pod Weekender: Let me hear your cycle talk

From Global Data Pod by J.P. Morgan Global Research

June 5, 2026 · 34 min · Episode 410

About this episode

The episode discusses the resilience of the business cycle amidst economic challenges and the implications for central banks.

Despite the purchasing power squeeze from the Middle East conflict, the resilient cycle has dominated the macro landscape. Business spending on capex and hiring looks be broadening out, supporting our thesis that the cycle owes more to fading business caution than to a narrow AI boost. How well the supply side of the economy can keep pace with firming demand will tell the tale for central banks, including the Fed—which is likely to shift toward a neutral stance this month. Speakers: Bruce Kasman Joseph Lupton This podcast was recorded on 5 June 2026. This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a…

People in this episode

Guests: Bruce Kasman, Joseph Lupton

Topics covered

  • macroeconomics
  • business cycle
  • capex
  • hiring
  • central banks
  • demand and supply

Keywords

  • business cycle
  • capex
  • hiring
  • Middle East conflict
  • central banks
  • demand
  • supply

Mentioned in this episode

Organizations: J.P. Morgan, Fed

Places: Middle East

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