The Fed will slash rates 6 times this year as recession spreads across the US and the job market deteriorates, market veteran says

• The Fed is bound to slash interest rates six times in 2024, Metlife's Drew Matus predicted.
• Those cuts will come as a recession spreads across the US, the market vet told CNBC in a recent interview.
• The job market could quickly deteriorate, even though employment numbers looked strong in December.

Markets can expect six rate cuts to come from the Fed in 2024, thanks to a recession that's slowly spreading across the US and a job market that's poised to deteriorate, according to MetLife Investment chief market strategist Drew Matus.