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Artwork for At Any Rate
Federal Reserve
Inflation
China
US Rate Policy
Natural Gas Market
Emerging Markets
U.S. Rate Markets
Natural Gas Pricing
Production Levels
Haynesville Basin
Interest Rates
J.P. Morgan
Treasury Department
Bank Of England
Currency Exchange Rates
Inflation Trends
Treasury's Quarterly Funding Announcement
Employment Data
Fiscal Deficit
U.S. Dollar

Analysts from J.P. Morgan Global Research take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

PublishesDailyEpisodes100Founded6 years ago
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Artwork for At Any Rate

Latest Episodes

In our last FX podcast of the year, we discuss the main questions and highlights from our year-ahead outlook meetings as well as take-aways from DM central bank meetings and US data releases.

Speakers

Meera Chandan, Global FX Strategy

Patrick Locke... more

US Rates Strategists Teresa Ho, Ipek Ozil, and Phoebe White discuss the implications of the delayed economic data, Fed chair selection process, and the Fed’s newly announced Reserve Management Purchases.

Speakers

Teresa Ho Gentile (U308601) Head of... more

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 17 December 2025.

This communication is provided for information purposes on... more

This week, our Global FX Strategists break down what the recent move in global rates means for FX, and how the FOMC meeting impacted the broad dollar. We also preview next week’s US data along with other upcoming central bank meetings, and discuss ho... more

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Recent Guests

Otar Dgebuadze
Analyst covering European natural gas and global LNG markets
J.P. Morgan Global Commodities Research
Episode: Global Commodities: China’s LNG demand to peak in early 2030s
Pat Locke
FX Strategist at J.P. Morgan
J.P. Morgan
Episode: Global FX: The outlook for G10 and EM FX post-tariff announcements
Prabhav Bhadani
Senior Equity Strategist
J.P. Morgan
Episode: Global FX & Equities: Dollar/ equity linkages and the upcoming tariff announcement
Greg Fuzesi
Chief Euro Area Economist
JP Morgan
Episode: Global FX and European Economics: Gauging the EUR growth, policy and FX impact from potential tariffs
Joyce Chang
Chair of Global Research at J.P. Morgan
J.P. Morgan
Episode: Global Commodities: London Sugar Week Takeaways – weather and policy driving an uncertain outlook
Saad Siddiqui
From the emerging market strategy team at J.P. Morgan
J.P. Morgan
Episode: EM Fixed Income: Olympic-level Volatility
Daniel Lamy
Head of European Credit Strategy
J.P. Morgan
Episode: Spreadbites: Uncovering Even More Private Credit, the IMF-Work Bank Conference and More of the Same
Nelson Jantzen
Head of High Yield and Leverage Loan Strategy
J.P. Morgan
Episode: Spreadbites: Uncovering Even More Private Credit, the IMF-Work Bank Conference and More of the Same
Greg Shearer
Heads precious and industrial metals research at JPMorgan
JPMorgan
Episode: Global Commodities: Gold Rushes to Record Highs

Host

Arindam Sandilya
Part of the FX Strategy team at JPMorgan and Host of the At Any Rate podcast.

Reviews

4.3 out of 5 stars from 297 ratings
  • Great content, terrible audio

    Please invest in a better audio recording setup!

    Apple Podcasts
    3
    Rm77410
    United Statesa year ago
  • Great for specific numbers but

    Sometimes hard to understand, needs to work on diction

    Apple Podcasts
    3
    NOPE:(((((
    South Korea2 years ago
  • Mohan

    One of best podcasts on macro.

    Apple Podcasts
    5
    Mohan 1234
    United States2 years ago
  • Worth a listen.

    Like it. Been listening for a while. Getting much better with regard to delivery

    Apple Podcasts
    5
    Cwycu
    United Kingdom2 years ago
  • Great content but poor audio

    Great content but poor audio

    Apple Podcasts
    2
    Fad_________
    Singapore2 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Audio quality feedback has been mixed, with some listeners expressing a desire for improvements in the recording setup.
Listeners appreciate the expertise of the analysts involved, consistently highlighting the informative nature of discussions.
Excellent content with deep insights into financial markets and trends.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#166
United Kingdom/Business
Apple Podcasts
#214
France/Business
Apple Podcasts
#43
Hong Kong/Business
Apple Podcasts
#69
Chile/Business
Apple Podcasts
#74
South Korea/Business
Apple Podcasts
#85
Indonesia/Business

Talking Points

Recent interactions between the hosts and their guests.

Global FX: Dollar down after Fed; central banks and US data center stage for FX next week
Q: What do you make of all pricing as we head into the last week of a real event risk in December?
The pricing is subdued, but payrolls seem interesting and could influence the FX market.
Global Commodities: Oil Outlook 2026/2027—Heavy Lifting
Q: How do low oil prices affect demand and supply?
Low prices are expected to stimulate demand; however, they may lead to involuntary production cuts as margins compress for non-OPEC producers.
Global Commodities: Oil Outlook 2026/2027—Heavy Lifting
Q: What is the outlook for oil in 2026 and 2027?
The outlook suggests that production will outpace demand for both 2026 and 2027, leading to a significant surplus in the market.
Global Commodities: Oil Outlook 2026/2027—Heavy Lifting
Q: What factors are driving this weakness in crude?
The weakness in crude prices is mainly due to an abundance of supply outpacing demand, despite good demand figures.
Global FX Volatility Outlook 2026
Q: What are you thinking regarding dollar correlations as a block?
Dollar correlations are expected to remain elevated, with most G10 currencies appreciating against the dollar, while cross-correlations, especially with sterling and euro, are presented as significant investment opportunities.

Audience Metrics

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Listeners per Episode
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Frequently Asked Questions About At Any Rate

What is At Any Rate about and what kind of topics does it cover?

This audio series features analysts from a prominent global investment bank analyzing major trends and developments within financial markets. Emphasizing deep dives into currency strategies, commodities outlooks, and interest rate policies, the discussions provide actionable insights backed by analytical expertise. The content likely appeals to finance professionals and investors, examining global and macroeconomic factors impacting market movements while also addressing the interplay between policy decisions and market trends. Episodes blend expert commentary with assessments of economic forecasts, making it especially relevant for those looking to navigate complex financial landscapes.

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Which podcasts are similar to At Any Rate?

These podcasts share a similar audience with At Any Rate:

1. Making Sense
2. Global Data Pod
3. UBS On-Air: Market Moves
4. The Markets
5. Thoughts on the Market

How many episodes of At Any Rate are there?

At Any Rate launched 6 years ago and published 100 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on At Any Rate?

Recent guests on At Any Rate include:

1. Otar Dgebuadze
2. Pat Locke
3. Prabhav Bhadani
4. Greg Fuzesi
5. Joyce Chang
6. Saad Siddiqui
7. Daniel Lamy
8. Nelson Jantzen

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