Global Data Pod Weekender: Trimming downside risks

The US labor market delivered a much-needed bounce, trimming the downside risks that had been building as wealth effects and tax cuts were fading in the face of a rising energy shock. The US election will have some macro consequences with respect to the AI build-out, two wars (trade and Iran), and likely budgetary slippage. Risks of tightening financial conditions edge higher, but we end the week feeling better on balance.    Speaker: Bruce Kasman, Chief Economist Joseph Lupton, Co-Head Economic Research   This podcast was recorded on 6 November 2026. (http://www.jpmm.com/research/disclosures) 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. Without prior written consent from J.P. Morgan, it is prohibited to (A) use or share any material, commentary, information or other data received from J.P. Morgan or an authorized third-party ("J.P. Morgan Data") in any artificial intelligence ("AI") systems or models, or (B) use automated means, including robots, crawlers, web-scrapers or other automated tools or scripts, to access, collect, extract or harvest any J.P. Morgan Data, including scraping of user data, content, metadata, pricing information or other information.