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

Featured in this podcast are Sajjid Chinoy, Ayako Fujita, Junya Tanase, Takafumi Yamawaki, Rie Nishihara and Tim West.

This episode was recorded on October 10, 2025.

The surprise election of Sanae Takaichi as head of the Liberal Democratic Party (L... more

Meera Chandan, Natasha Kaneva, Anezka Christovova, Junya Tanase and Patrick Locke discuss the outlook for gold/ the dollar, emphasize the case for cyclical FX, re-examine the prospects for yen following political developments in Japan and look ahead ... more

Ben Ramsey, Nishant Poojary and Jonny Goulden discuss the latest publication on EM Sovereign External Repayment Risks. This report builds on our previous work, providing a comprehensive assessment of external repayment risks across a broad set of EM ... more

This week, our Global FX Strategists, Arindam Sandilya and Patrick Locke break down the latest on 1) the US government shutdown's impact on the dollar, 2) next week's Japan LDP election for JPY, and 3) notable flows from recently-released FX reserve ... more

Key Facts

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Find out how many people listen to this podcast per episode and each month.

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Recent Guests

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
Meera Chandan
Co-head of Global FX Strategy
J.P. Morgan
Episode: Global Macro Research: Waiting on Words (and data)

Hosts

Francis Diamond
Host from European Rate Strategy at J.P. Morgan.
Meera Chandan
Co-Head of FX Strategy at J.P. Morgan.
Khagendra Gupta
Analyst from European Rate Strategy at J.P. Morgan.

Reviews

4.3 out of 5 stars from 290 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.

Many have noted that the content is engaging and informative, particularly when focusing on fixed income topics, though some express disappointment when episodes stray to unrelated themes.
There are frequent mentions of poor audio quality impacting the overall experience, with calls for better sound equipment.
Listeners appreciate the insightful analyses provided by expert analysts, which help them understand complex financial topics.

Chart Rankings

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

Apple Podcasts
#137
United Kingdom/Business
Apple Podcasts
#237
Canada/Business
Apple Podcasts
#80
Italy/Business
Apple Podcasts
#124
Singapore/Top Podcasts
Apple Podcasts
#28
Singapore/Business
Apple Podcasts
#65
Indonesia/Business

Talking Points

Recent interactions between the hosts and their guests.

Global FX and Commodities: The bullish case for gold, the bearish case for USD ex-yen and the shutdown showdown
Q: What are the main drivers behind the recent surge in gold prices?
The surge in gold prices is largely driven by a shift in the sources of demand, including increased buying from foreign central banks and sovereign wealth funds, alongside a scarcity of sellers in the market.
Global Rates: Cross currency basis 4Q25 outlook
Q: Where do you see Fed's balance sheet going over the coming quarters?
The Fed's balance sheet is declining at a steady rate and reserves remain abundant, indicating a careful approach to balance sheet management while maintaining orderly funding conditions.
Global Rates: Cross currency basis 4Q25 outlook
Q: Do you think this is fair, given how inflation and labor markets have evolved?
Markets have fairly priced in additional cuts for this year, but there is too much easing priced in for next year based on their analysis.
Global FX and Rates: FOMC, Payrolls, Refunding and Trade deals
Q: What types of currency do you think has room to outperform?
We maintain a dollar bearish view, favoring mid to low yielders in DM, specifically in the Euro bloc, which has supportive fiscal elements.
Global FX and Rates: FOMC, Payrolls, Refunding and Trade deals
Q: What does the overall direction of Treasury yields look like now?
The core theme for us remains preferring to be long in the front-end, anticipating challenges for long-term interest rates to climb significantly.

Audience Metrics

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

Listeners per Episode
Gender Skew
Location
Interests
Professions
Age Range
Household Income
Social Media Reach

Frequently Asked Questions About At Any Rate

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

The podcast features in-depth discussions led by analysts from J.P. Morgan Global Research, focusing on significant trends and developments in various markets. Each episode dives into a range of topics including monetary policy, foreign exchange dynamics, commodity markets, and emerging market strategies, providing listeners with valuable insights into global economic conditions.

Listeners can expect to hear expert analyses on current events that influence financial markets, as well as forecasts that impact investment strategies, making this podcast a crucial resource for finance professionals and enthusiasts. The program likely presents a mix of macroeconomic discussions and technical analyses, making it appealing to those seeking to under... more

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1. Making Sense
2. Global Data Pod
3. The Markets
4. UBS On-Air: Market Moves
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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. Pat Locke
2. Prabhav Bhadani
3. Greg Fuzesi
4. Joyce Chang
5. Saad Siddiqui
6. Daniel Lamy
7. Nelson Jantzen
8. Greg Shearer

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