Joseph Lupton

Joseph Lupton, economist at J.P. Morgan known for macro and labor-market analysis. They unpack solid global momentum and noisy data. They debate why resilient growth and sticky inflation make big Fed cuts unlikely. Labor market signals, a manufacturing and capex rotation, inventory rebuilds, and political/legal limits on trade policy are explored.

Joseph Lupton, a senior macro economist, breaks down the latest growth risks and their impact on inflation and central bank policies. He discusses how a recent government shutdown could potentially trigger a contraction in the labor market. Joe highlights rebounds in global industries and warns that sustained growth might reignite inflation, particularly in the service sector. He debates the implications of AI investment and examines how tariffs and immigration policies could drag on economic activity. The conversation winds down with insights on the recent U.S.-China meeting and its trade implications.