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02:17
U.S. Economy Less Interest Rate Sensitive
In the 1950s, 1960s, and 1970s, the U.S. economy was driven by housing and manufacturing. Fast forward, and the modern economy of the 2020s is a service-driven economy, and services are considerably less sensitive to interest rate swings than housing and automobiles. CME Group Chief Economist Blu Putnam explains. View exclusive content and premium features. Create a CME Group account
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01:56
Beware of Outdated Economic Models
Over the last six or seven decades, the economic effect of higher interest rates has dramatically changed, and many economic models may no longer apply. CME Group Chief Economist Blu Putnam compares older processes to more modern ones. Take advantage of premium derivatives content, tools, and alerts. Create a CME Group account
