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.

Bernanke_King

FX Volatility and Central Bank Divergence

With former French President Nicolas Sarkozy, former Federal Reserve Chairman Ben Bernanke, and former head of the Bank of England…

Brazil Post-Election

Water, Not Economic Reform, is Brazil’s Next Challenge

  Brazil re-elected incumbent Dilma Rouseff of the Worker’s Party (PT) as its President for the next four years.  The…

Abenomics

Blu Putnam: Abenomics Likely to Disappoint

  A spotlight shines very brightly on Japan at the moment – and especially on Prime Minister Abe – not…

OM_FedRes_5_640x360

Fed Rate Increase Could Come Sooner Than You Think

If the U.S. economy keeps growing, even modestly in the second half of 2014, and that is very likely, a…

Food Prices and Weather

Food Price Inflation and El Nino

Food price inflation is increasing sharply in the U.S.  Only last December, food prices were just 1.05 percent higher than…

US Budget Deficit

The U.S. Federal Budget Deficit is Shrinking

  The U.S. federal budget has a reasonable probability (our base case scenario) of reaching operational balance – revenues equal…

Emerging Market Currencies 2013

How Emerging Market FX Really Performed in 2013

  The actual performance of key emerging market currencies was much more diverse in 2013 than is often assumed.  Second…

USChinaEU

The Global Economy in 2014: A Stronger Growth Path?

As we prepare for 2014, the world economic scene is evolving yet again with stronger growth potential in the U.S. and U.K., China encouraging market forces, and the European banking system still dragging down the continent.

U.S. Economic Growth Panel GFLC

Are These 5 Things the Headwinds to Economic Growth?

U.S. economic growth does not appear to be performing up to its potential, and there is little evidence that short-term…

EU Panel GFLC

Who Will Take the Lead on Eurozone Growth?

  While recent data suggest that the countries of the Eurozone have stabilized from their austerity-induced recession, the under-capitalized banking…

Government Shutdown

The Government Shutdown is Causing Data Confusion

  A key problem stemming from the government shutdown is the level of staffing at the departments in charge of…

FX Intervention

Why FX Intervention Almost Never Works to Halt a Currency Slide

  Emerging market currencies have been under considerable stress this spring and summer.  Many policymakers in affected countries have been…