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

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

Natasha Kaneva and team share J.P. Morgan’s 2026 Global Commodities Outlook. Commodity prices have experienced repeated and highly synchronized cycles across various markets over the past 50 years, with these fluctuations closely tied to global econo... more

The Global FX Strategy team delves into the year-ahead currency outlook across macro, systematic and derivative dimensions.

Speakers

Meera Chandan, Global FX Strategy

Arindam Sandilya, Global FX Strategy

Anezka Christovova, Global FX Strategy 

An... more

FX vol remains subdued into 2026 on resilient US growth and low central bank activity, but starting levels limit further downside. Policy events in 1Q26 could test this regime, making cheap forward vols over 1Q attractive as portfolio hedges. Beyond ... more

Luis Oganes, Jonny Goulden and Jahangir Aziz discuss the economic and fixed income market themes in their Emerging Markets outlook for 2026.

This podcast was recorded on 26 November 2025.

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

Key Facts

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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
Meera Chandan
Co-Head of FX Strategy at J.P. Morgan
J.P. Morgan
Episode: Global FX: The outlook for G10 and EM FX post-tariff announcements
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
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
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

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
#199
United Kingdom/Business
Apple Podcasts
#128
Italy/Business
Apple Podcasts
#57
Hong Kong/Business
Apple Podcasts
#108
New Zealand/Business
Apple Podcasts
#139
Spain/Business
Apple Podcasts
#153
Switzerland/Business

Talking Points

Recent interactions between the hosts and their guests.

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.
Global FX Volatility Outlook 2026
Q: What are the best option trades to position for that?
The best option trades involve harvesting linear carry via options, particularly on pairs like Euro-Poland and Turkish Lira, which present attractive carry-to-volatility ratios.
Global Rates: Analyzing Eurex and US futures roll
Q: How does the missing CFTC data impact your analysis or views of the role?
The absence of data prevents them from accurately assessing positioning, which is typically inferred from CFTC data.
Global Rates: Analyzing Eurex and US futures roll
Q: What views are you taking about short-term funding rates?
The situation is uncertain due to the shutdown leading to a lack of data, hence they are neutral on funding rates.
Global Commodities: Metals headed for even greater heights
Q: Which metals stand out as we look to 2026?
Copper is expected to rise significantly due to supply disruptions, while aluminum and zinc face different dynamics.

Audience Metrics

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Listeners per Episode
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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?

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. Meera Chandan
3. Pat Locke
4. Prabhav Bhadani
5. Greg Fuzesi
6. Joyce Chang
7. Saad Siddiqui
8. Nelson Jantzen

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