Blu Putnam

Chief Economist, CME Group


Bio

Bluford (Blu) Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. He is responsible for leading economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact. Prior to joining CME Group, Putnam gained more than 35 years of experience in the financial services industry with concentrations in central banking, investment research and portfolio management. He has authored five books on international finance.

Will The Fed Cut Rates in July? Six Key Dates To Watch

CME Group’s FedWatch Tool expects a rate cut soon. The Federal Reserve (Fed) meets on July 30-31 to decide whether to…

These Are the Forces Driving the Bond Rally

The U.S. has had an extended and very impressive rally in the prices of U.S. Treasury securities.  The 10-year U.S….

Corn and Soybeans Are Facing Flood, Trade Cross Currents

Two major U.S. agricultural markets are being buffeted by serious cross currents.  First, there is the escalating US-China trade war. …

Chart: The U.S. Bond Market Is A Tug of War

The bond market is confused, with two prevailing viewpoints that are pulling it in different directions. The chart below illustrates…

What the Market Reaction to The G20 Taught Us

The recent G-20 meeting was full of interesting developments and the market reactions were equally fascinating. First, the U.S.-China Trade…

Will Machines Run The World? Steve Wozniak Gives His Thoughts

Not to worry, according to Steve Wozniak, co-founder of Apple.  Machines guided by artificial intelligence (AI) do not wake in…

4 Major Trade War Storylines for 2019

From a corporate earnings perspective, the trade war has barely mattered in 2018. 2019 will be a much more difficult…

Fed to go on Hold in 2019 Or Push Fed Funds Above 3%?

The Federal Reserve (Fed) has hit its targets for the dual mandates to foster employment growth and price stability. The…

Can This Rate of Job Growth Continue?

The U.S. employment situation report for June 2018 showed solid job growth, including a welcome rise in hiring in the…

The Problem For Gold In The Trade War

Gold prices are continuing to move lower.  The yellow metal is often used for portfolio diversification or as a hedge against global…

Three Ways OPEC Decision Will Impact Oil Markets

The oil production decision at the OPEC meeting on Friday, June 22, is interesting on several counts.  First, it is…

Political Event Risk Raises Stakes for Sudden Price Movements

Political risk is rising – elections in Mexico, Brazil and the US; a leadership battle for the head of Liberal…