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DoubleLine CEO Gundlach Predicts Next CPI to Hit 4,000s; Fed 'Cannot Possibly' Cut Rates

GateNews
Forex

According to Jin10, DoubleLine Capital CEO Jeffrey Gundlach said on May 18 that the next CPI reading could reach the 4,000s and investors should not expect a rate cut at the Fed’s next policy meeting. Gundlach noted that while investors had anticipated two rate cuts this year, inflation data has not cooperated. He added that cutting rates while the two-year Treasury yield exceeds the federal funds rate by nearly 50 basis points remains “impossible.”

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