Global Data Pod Weekender: Additional renovations on C-street

In this episode of the JP Morgan Weekender, Bruce Kasman and Joe Lupton discuss the global industrial sector, noting a divergence between a contracting Euro area and a resilient Asia, attributing the latter to a tech boom. They anticipate a stall in global capex due to factors like depressed business sentiment and elevated interest rates. Shifting to the Federal Reserve, they agree the Fed is likely to ease in response to weakening labor demand and recession risks, despite potentially strong inflation and retail sales data. They also analyze the implications of Stephen Miran's appointment to the Fed board, focusing on potential institutional reforms and the ongoing conflict between the Fed and the White House, highlighting concerns about Fed independence and potential political influence.