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.

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…

The Great Rotation

Is it Time for the Great Rotation from Bonds to Stocks?

  A very popular theme among some investment advisers this summer is the potential for a great rotation from bonds…

USChinaEU

From London, An Economic Outlook for China, the U.S. and the E.U.

In London last week, I had the pleasure of being interviewed by Gerard Lyons, Economic Adviser to the Mayor of…

Volume Record

The Fed’s Impact On Record Trading Volumes

  One interesting development in the U.S. Treasury and related interest rate markets is the soaring volume of transactions as…

Fed Congress

The Collision Course for the Fed and U.S. Congress

  The Federal Reserve (Fed) and the U.S. Congress are on a collision course.  The release of FOMC minutes from…