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Macroeconomic Outlook for 2024
Curtis Dubay, U.S. Chamber of Commerce
Michael Fratantoni, Mortgage Bankers Association
Blu Putnam, CME Group


November 28, 2023
Tuesday 06:00 PM
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Join Washington Association of Money Managers and the U.S. Chamber of Commerce on
Tuesday, November 28th for a discussion on


Macroeconomic Outlook for 2024: Is Recession Inevitable or Avoidable?



Location:
U.S. Chamber of Commerce
The Rust Briefing Center
1615 H Street NW
Washington, DC 20062

Time:
Reception will begin at 6:00 PM ET
Panel discussion will begin at 6:30 PM ET

COVID-19 Safety Guidelines: We require all registrants to be vaccinated against COVID-19 prior to attending WAMM events.

The 2023 economy has proved more resilient than most expected despite higher borrowing costs, bank failures earlier in the year, a bumpy path for disinflation, and the lingering fallout from geopolitical tensions. Investors are now looking ahead to next year to see how it all plays out. Most forecasts do not anticipate a 2024 recession, although a rough patch maybe ahead as the tighter monetary policy finally pinches economic activity. Other downside risks include more persistent inflation than projected with further disruptions to energy and food markets, greater slowdown in China dampening growth in trading partners worldwide, and elevated public debt in the aftermath of significant fiscal support rolled out in response to the COVID-19 pandemic. Will the 2024 economy defy gloomy forecasts, continue to limp along, or lose momentum from the impact of higher interest rates and widening geopolitical rifts?

Join us to get an early start on next year’s economic and market outlook that will cover everything from inflation and profitability expectations, the housing market, consumer demand, credit risk, and more. We are fortunate to have an all-star panel of seasoned industry experts to walk us through the economic and investing outlook for 2024 and beyond. Curtis Dubay is the Chief Economist at the U.S. Chamber of Commerce where he tracks the condition of the economy, analyzes the impact of public policy on economic growth, and runs the Chamber’s Chief Economists Committee. Michael Fratantoni is the Chief Economist at Mortgage Bankers Association, where he is responsible for overseeing industry surveys and benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single-family and commercial/multifamily markets. Blu Putnam is the Chief Economist and Managing Director at CME Group, where he is responsible for leading economic analysis on global financial, commodity, and agricultural markets.

Please note that the Chatham House Rule applies – neither the comments of the speaker nor those of other participants are for attribution.

Please register below by 6:00 PM ET on Tuesday, November 28, 2023. The event is $0 for WAMM members, $55 for non-members, $0 for student members, and $25 for student non-members. Please try to register early, as the space is limited!

Metro and entry instructions: Closest metro stations are McPherson Square Metro Station (Orange, Silver, and Blue lines) and Farragut North Metro Station (Red line). Please utilize the Chamber’s front entrance located at 1615 H Street NW. After you clear the security checkpoint, please sign-in at the front desk and indicate that you are attending the Washington Association of Money Managers' event and that you are visiting Nicholas Molinari (NMolinari@uschamber.com).


Blu Putnam
Chief Economist and Managing Director
CME Group

Blu Putnam is the Chief Economist and Managing Director at CME Group, the largest operator of futures and options exchanges around the world. He is responsible for leading economic analysis on global financial, commodity, and agricultural markets.

Blu’s career has ranged from central banking to investment research to portfolio management.

Blu earned his Ph.D. in economics from Tulane University in New Orleans. He has six books on international finance and portfolio management to his credit as well as many academic articles, in such journals as The American Economic Review, the Journal of Finance, American Statistical Association, and the Journal of Applied Corporate Finance, among others. Blu has been a visiting or adjunct professor at The Wharton School, Stern School of Business at New York University, the Business School at Columbia University, and St. Mary’s College of Maryland.

Curtis Dubay
Chief Economist
U.S. Chamber of Commerce

Curtis Dubay is the Chief Economist at the U.S. Chamber of Commerce. He tracks the condition of the economy, analyzes the impact of public policy on economic growth, and runs the Chamber’s Chief Economists Committee. The committee consists of chief economists from member businesses. It helps the Chamber formulate economic policies and provides analysis to policymakers in Washington, D.C.

Previously, Dubay was senior economist at the American Bankers Association where he worked on tax issues and followed the economic trends affecting the banking industry. Prior to ABA, he was a research fellow in tax and economic policy at The Heritage Foundation. There he researched and published on tax and economic policy issues.

Earlier in his career, Dubay worked at PricewaterhouseCoopers (PwC) in the firm’s transfer pricing division structuring international transactions, and before that at the Tax Foundation where he authored three widely recognized and cited reports: Tax Freedom Day, State-Local Tax Burdens, and The State Business Tax Climate Index.

Dubay has researched and published frequently on a wide range of tax and economic issues. He is regularly quoted by the press and has appeared often in the media, including on CNBC, Fox Business, Fox News, and C-SPAN. He has testified before Congress several times and been cited in newspapers such as The Wall Street Journal, The New York Times, The Washington Post, USA Today, and Politico.

Dubay received his master’s degree in economics from the University of Connecticut and his bachelor’s degree in economics and leadership studies from the University of Richmond. He resides in Washington, D.C., with his wife and three sons.

Michael Fratantoni
Chief Economist, Senior Vice President, Research and Industry Technology
Mortgage Bankers Association

Michael Fratantoni is Mortgage Bankers Association's Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA's industry surveys and benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is a member of the Board of Directors of MISMO, the membership committee of MERS, and the Smith Enterprise Risk Consortium’s (SERC’s) Advisory Council.

Prior to joining MBA, Fratantoni worked in risk management and senior economist roles at Washington Mutual and Fannie Mae. He received a Ph.D. in economics from Johns Hopkins University and a B.A. in economics from The College of William and Mary, and has served as an adjunct professor at the University of Washington, and Johns Hopkins, George Washington, and Georgetown Universities.



Location:
U.S. Chamber of Commerce
1615 H Street NW
Washington, DC 20062-2000