A podcast covering the latest on the economy with JPMorgan Chase Commercial Banking’s Head Economist, Jim Glassman.
When it comes to inflation, it takes two to tango—aggregate demand and aggregate supply. Comparing prices to the pre-pandemic world of 2019 tells a remarkably different story than a one-year lookback.
In our 2022 Business Leaders Outlook survey, we found that business leaders across the U.S. have a rosy view of the year ahead. While pandemic-driven challenges linger, they’re not really getting in the way of growth and profits.
It may not feel like it with the market trending down in the last month, but in 2021 we witnessed a remarkably fast economic recovery. And there’s good reason to be upbeat for 2022.
The economy is expected to grow steadily in 2022, but there are a few reasons that shouldn’t worsen current pricing pressures.
The Fed’s ultimate goal of stable inflation requires aggregate demand to align with aggregate supply. That hinges on the supply of labor, and unemployment is the best measure of that alignment.
Even though we know the culprit behind inflation, we’re still susceptible to superstition. We tend to link inflation headlines with monetary and fiscal policy actions. Jim debunks a few popular misconceptions about recent Fed activity.
The air travel industry never shut down during the pandemic, but it certainly felt the effects. Airline trends offer us fast insight into business travel and tourism patterns. As COVID-19 cases dip and passenger counts rise, it looks like smoother skies are ahead.
Though the Federal Reserve keeps an eye on asset prices, it won’t set targets. That’s because mandates on inflation and employment mean the Fed’s plate is plenty full. Plus, a look at historical norms and why they may not apply to modern asset valuations.
We want to hear from you! We’re looking to learn more about listeners of Economic Take to improve and evolve the podcast. jpmorgan.surveymonkey.com/r/economictake
Jim is joined by J.P. Morgan healthcare expert Lauren Ruane to discuss trends in the healthcare sector and what’s changed in the pandemic. Key themes include how technology and innovation are shaping the sector’s future. Lauren also covers patients as savvy consumers, remote care and behavioral health taking center stage, and why the sector’s labor shortage is likely to intensify.
Though they’re both climbing, price increases on materials are outpacing hikes on retail shelves. That’s partially because labor costs matter more when it comes to consumer prices.
We want to hear from you! We’re looking to learn more about listeners of Economic Take to improve and evolve the podcast. jpmorgan.surveymonkey.com/r/economictake
