The Number Of Interest Rate Cuts Expected By The End Of 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.