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Artwork for At Any Rate
Federal Reserve
Emerging Markets
Inflation
J.P. Morgan
Bank Of England
Oil
Natural Gas
European Central Bank
Gold
Japan
US Dollar
United States
Interest Rates
China
U.S. Dollar
Iran
LNG
Strait Of Hormuz
Fiscal Policy
Russia

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.

PublishesDailyEpisodes100Founded7 years ago
Number of ListenersCategory
Business

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Artwork for At Any Rate

Latest Episodes

The situation in the Strait of Hormuz has worsened, creating risks for the recovery of oil and gas infrastructure. Simultaneously, there are many questions on the return of central bank diversification and gold purchases, which is a central issue for... more

In this podcast Francis Diamond, Khagendra Gupta and Aditya Chordia discuss the upcoming ECB meeting, thoughts on yields over the summer and UK politics. If you have enjoyed listening to our podcast and reading our research we would great appreciate ... more

We discuss USD take-aways from the soft CPI print countered by Fed hawkishness, main take-aways from our suite of systematic models and key drivers/ views in EM with focus on Latam and EMEA.

Speakers

Meera Chandan, Global FX Strategy

Patrick Locke... more

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

This podcast was recorded on 16 July 2026.

© 2026 JPMorgan Chase & Co. All rights reserved. This materia... more

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Recent Guests

James Nelligan
Senior Strategist, DM side
JP Morgan
Episode: Global FX: Payrolls prognosis, yen, GBP and HUF
Arindam Sandilya
Co-Head of FX Strategy
JP Morgan
Episode: Global FX: Payrolls prognosis, yen, GBP and HUF
Liam Wash
US rate strategist
JPMorgan Chase & Co.
Episode: US Rates: Life, Liberty, and the pursuit of hawkishness
Michael Feroli
Chief US Economist
JPMorgan Chase & Co.
Episode: In Focus: G7 Summit
Ayako Fujita
Chief Economist for Japan
JPMorgan Chase & Co.
Episode: In Focus: G7 Summit
Allan Monks
UK economist, FX Strategy contributor
JP Morgan
Episode: Global FX & Economics: UK Outlook, GBP and SEK
Octavia Popescu
FX Strategy contributor focusing on European currencies
JP Morgan
Episode: Global FX & Economics: UK Outlook, GBP and SEK
Nishant Poojary
Senior EMEA EM Sovereign Credit Strategist
JPMorgan Chase & Co.
Episode: EM Fixed Income: EM resilience amid renewed USD strength and idiosyncratic pitfalls
Arundham Sandhya
Global co-head of FX Strategy
JPMorgan Chase & Co.
Episode: Global FX: Broader impacts from the dollar bid

Host

Meera Chandan
Co-Head of Global FX Strategy at JPMorgan; frequent host on episodes; core FX/rates strategist

Reviews

4.3 out of 5 stars from 310 ratings
  • Sound Quality

    I follow many JPM shows. The sound quality can be quite poor. Please have speakers use higher quality sound equipment. It can be quite difficult to hear speakers.

    Apple Podcasts
    2
    The Real GOGO
    United States2 months ago
  • Terrible sound quality

    It is shocking that the almighty JP Morgan doesn't have money to invest in a decent studio or editing. The contents are pretty good, when you can hear them!!!!! Please put some money in new equipment or hire a competent sound editor. We can barely hear them sometimes. There are huge volume and clarity differences between the people talking. Good content, terrible sound quality.

    Apple Podcasts
    1
    Edxs
    Canada5 months ago
  • Good themas but low quality sound

    It is shocking that the almighty JP Morgan doesn't have money to invest in a decent studio or interview procedures. The contents are pretty good, when you can hear them!!!!! Please put some money in new equipment. To be fair, it may not be your studio, but from the people that you interview. We can barely hear them sometimes. Take them to a studio!

    Apple Podcasts
    2
    Edxs
    Canada7 months ago
  • Great content, terrible audio

    Please invest in a better audio recording setup!

    Apple Podcasts
    3
    Rm77410
    United States2 years ago
  • Great for specific numbers but

    Sometimes hard to understand, needs to work on diction

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

Listeners Say

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

Listeners call out periodic audio quality issues and urge better recording setup for clarity.
Content broadly praised for depth on fixed income and macro, with strong practitioner insights.
Guests and topics are viewed as credible and technically rigorous by finance professionals.

Chart Rankings

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

Apple Podcasts
#133
United Kingdom/Business
Apple Podcasts
#244
Canada/Business
Apple Podcasts
#42
Argentina/Business
Apple Podcasts
#45
Philippines/Business
Apple Podcasts
#52
Hong Kong/Business
Apple Podcasts
#57
Singapore/Business

Talking Points

Recent interactions between the hosts and their guests.

EM Fixed Income: Risk risk go away, come again another day
Q: Ethiopia's restructuring just got a novel feature with a money warrants option. What could this imply for future sovereign restructurings and investor participation?
The new-money bond warrants feature represents a means for creditors to participate in future recovery while providing potential upside if Ethiopia's economy improves, signaling a possible template for constructive creditor engagement in future sovereign restructurings.
EM Fixed Income: Risk risk go away, come again another day
Q: Let's start with you, Anezka. Has the latest Middle East escalation affected your views on EMFX and rates?
Anezka notes a risk-averse shift but believes the base case remains cautiously constructive for FX, with inflation and growth dynamics varying by country; the key is assessing whether the escalation translates into broader growth or remains contained within a narrow set of economies.
Global FX: Keep calm and carry on
Q: Has anything meaningfully changed now for the MOF to be both able and willing to pull the GPIF trigger?
The guests suggest that while it is unusual for the finance minister to speak on GPIF policy, past patterns indicate GPIF could adjust allocations within its existing framework to influence yen strength if the political will aligns with the Prime Minister's objectives.
US Rates: Life, Liberty, and the pursuit of hawkishness
Q: What are the latest views on rates markets after the hawkish pivot last week?
Jay explains that markets have priced in a bit less Fed tightening, but valuation frameworks still show intermediate yields too low, supporting a view of an upward-sloping money market curve and potential higher rates if upcoming data confirms resilience in growth and inflation.
Global FX: 2H Vol Outlook: Carry the Day, Vol the Tail
Q: Do you want to give us some highlights on those two teams?
Arindam highlights overlapping directional expressions with carry, noting dollar strength against low-yielders, and emphasizes hedging through dollar calls and skew concepts as key ideas for the second half.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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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?

Analyses from JPMorgan Global Research cover a wide swath of macro themes, with a heavy emphasis on fixed income, currencies, commodities, and the evolving impact of technology on markets. Episodes frequently thread together policy signals, central bank expectations, energy price shocks, and geopolitical risk to map multi-asset implications for traders and investors. A notable throughline is the use of data-driven, cross-asset discussion (FX, rates, commodities, equities) led by senior strategists who translate complex market dynamics into tactical takeaways, including inflation trajectories, Fed policy paths, and the rippling effects of AI-related CapEx on credit and equity markets. A distinguishing feature is the consistent Juxtaposition ... more

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2. Global Data Pod
3. UBS On-Air: Market Moves
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At Any Rate launched 7 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. James Nelligan
2. Arindam Sandilya
3. Liam Wash
4. Michael Feroli
5. Ayako Fujita
6. Allan Monks
7. Octavia Popescu
8. Nishant Poojary

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