全球宏观展望与策略_全球利率、大宗商品、汇率及新兴市场-Global Macro Outlook and Strategy_ Global Rates, Commodities, Currencies and Emerging Markets

Global Markets Strategy November 24th, 2025 Global Macro Outlook and Strategy Global Rates, Commodities, Currencies and Emerging Markets Luis Oganes AC (44-20) 7742-1420 luis.oganes@jpmorgan.com J.P. Morgan Securities plc See the end pages of this presentation for analyst certification and important disclosures. {[{B01v-d4joWPbpSPNcwGh7enRDcx_XYd872O4Uor3Vcsp4l33-sDPjK3f0Kx6YvaA0ymmNbAAwvGb8H0v}]} Overall summary US Rates Recent Fed speak has turned more cautious on further easing, and following the Septemb ...