Chen Zhao is the head of economics research, where she produces research on the housing market for public and internal audiences.
Previously, she was an executive director leading housing finance and financial markets research at the JPMorgan Chase Institute. Prior to joining JPMCI, Chen was an economics consultant at Analysis Group, Inc., where she worked on financial litigation cases and led teams conducting health economics and outcomes research on behalf of pharmaceutical companies.
While in graduate school, Chen was with the Center for Economic Studies and the Social Economic and Housing Statistics Division at the US Census Bureau, where she conducted applied microeconomics research using large scale restricted-access linked survey-administrative data. She started her career at the White House Council of Economic Advisers, where she focused on labor and health economics.
Takeaway: Another low hire-low fire jobs report leaves the Fed on track to leave rates alone for the next couple of meetings as expected, implying mortgage rates will
The ultimate impact of such a move would likely be limited because this would be a relatively small asset purchase program, by historical standards. President
This Week In A Nutshell The first jobs report of 2026—and the first “normal” report post-government shutdown—will be published on Friday. We’ll be on the
Takeaway: Core CPI inflation came in at 2.6% year over year, much lower than consensus expectations of 3.0%. That’s the largest difference between expectations and
Takeaway: Another low hire-low fire jobs report leaves the Fed on track to leave rates alone for the next couple of meetings as expected, implying mortgage rates will
The ultimate impact of such a move would likely be limited because this would be a relatively small asset purchase program, by historical standards. President
This Week In A Nutshell The first jobs report of 2026—and the first “normal” report post-government shutdown—will be published on Friday. We’ll be on the
Takeaway: Core CPI inflation came in at 2.6% year over year, much lower than consensus expectations of 3.0%. That’s the largest difference between expectations and