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Benzinga
  • 8/14/2024
Blu Putnam joined Benzinga's Premarket Prep team today to discuss rate cuts, recession fears, and the upcoming jobs data in September.
Transcript
00:00Well, that slide there, actually, stay on that little one for a second because that's the number
00:04of rate cuts expected by the end of this year. And it used to be six, and then it was one,
00:10and then it was two, and now it's four. So four rate cuts is probably not the way it happens.
00:16That's just the equivalent of 100 basis points. So that could be 250s. And what that means is
00:23that the Fed funds market is really looking for weaker jobs data, weaker economy. So that's what
00:28it's looking for.

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