Global Data Pod Weekender: Save poor Bob if you please

About this episode

The episode discusses the global economy's challenges, including the closure of the Strait of Hormuz and the potential stress on operational levels, while analyzing manufacturing momentum and central bank policies.

The global economy is approaching a crossroad as the Strait of Hormuz remains closed and the threat of reaching operational stress levels is now only a month away. The baseline and adverse scenarios are discussed. Two key cushions are 1) a strong start to the year with momentum in manufacturing continuing into April and 2) central banks that may have turned more hawkish again but remain cautiously on hold. The ability of the US consumer to smooth as well as they did last year is debated. Speakers: Bruce Kasman Joseph Lupton This podcast was recorded on 30 April 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…

People in this episode

Guests: Bruce Kasman, Joseph Lupton

Topics covered

• global economy
• manufacturing
• central banks
• US consumer
• economic scenarios

Keywords

• global economy
• Strait of Hormuz
• manufacturing
• central banks
• US consumer
• economic scenarios
• Bruce Kasman
• Joseph Lupton

Mentioned in this episode

Organizations: J.P. Morgan

Places: Strait of Hormuz

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