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

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
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Business

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Artwork for At Any Rate

Latest Episodes

For the last few months, our focus has understandably been on oil and history's largest supply disruption. While we have spoken extensively about inventories and demand, one other component played a role - the positive supply response outside of the ... more

This week, our Global FX Strategists assess the impact NFP for the dollar in the wake of last week’s FOMC outcome and JPY intervention. We also expand on the carry trade’s resilience despite yen vol, and conclude with the latest news from the Euro bl... more

Ben Ramsey, YM Hong and Tania Escobedo Jacob discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 06 August 2026.

This communication is provided for information purposes only.

©... more

Rates strategists Jay Barry and Amanda Berke discuss Treasury’s August refunding announcement, the implications on issuance and yield levels, alongside a discussion of more structural themes in debt management.

Speakers:

Jay Barry, Head of Global R... more

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Recent Guests

Amanda Berke
US rate strategist
JP Morgan Chase & Co.
Episode: US Rates: See you next (fiscal) year
Chris Hayward
Senior strategist on Ipek's team
JPMorgan
Episode: US Rates - “Truth” and consequences: The impact of President Trump's Truth Social posts on interest rate markets
Mike Harrison
Senior EMEA EM rate strategist
JPMorgan Chase & Co.
Episode: EM Fixed Income: At this rate, should we worry?
Antonin Delair
Systematic FX strategist
JPMorgan Chase
Episode: Global FX: CPI/ USD, Model take-aways, EM rundown
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
Ayako Fujita
Chief Economist for Japan
JPMorgan Chase & Co.
Episode: In Focus: G7 Summit
Michael Feroli
Chief US Economist
JPMorgan Chase & Co.
Episode: In Focus: G7 Summit

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 States3 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
    Canada6 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
    Canada8 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
#233
United Kingdom/Business
Apple Podcasts
#47
Singapore/Business
Apple Podcasts
#63
South Korea/Business
Apple Podcasts
#70
Hong Kong/Business
Apple Podcasts
#77
South Africa/Business
Apple Podcasts
#100
Indonesia/Business

Talking Points

Recent interactions between the hosts and their guests.

US Rates - “Truth” and consequences: The impact of President Trump's Truth Social posts on interest rate markets
Q: Could you summarize what you learned from the analyses on two topics (tariffs and the Middle East) and how the effect evolved?
In both topics, the typical post didn't cause large moves, resembling normal market noise, but a minority of posts did trigger outsized moves; importantly, the effect weakened over time, with desensitization occurring as posts remained in focus for shorter periods.
US Rates - “Truth” and consequences: The impact of President Trump's Truth Social posts on interest rate markets
Q: So why is this such big news?
The discussion explains that an API could enable rapid, automated analysis of Trump posts to gauge potential market impact, attracting interest from institutions that want real-time data feeds to inform or automate trading decisions.
In Focus: US Defense
Q: What needs to change for the US to stay competitive?
A deeper integration between the military and commercial sectors, leveraging the commercial tech ecosystem, and adopting modular, open architectures to enable faster scale-up and innovation.
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.

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
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4. 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. Amanda Berke
2. Chris Hayward
3. Mike Harrison
4. Antonin Delair
5. James Nelligan
6. Arindam Sandilya
7. Liam Wash
8. Ayako Fujita

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