DoubleLine’s Jeffrey Gundlach Predicts Single Rate Cut Amidst Fed's Battle with Inflation

Wednesday, 1 May 2024, 19:56

In a recent statement, Jeffrey Gundlach from DoubleLine foresees only one rate cut this year as the Federal Reserve remains devoted to combating inflation. Gundlach highlighted the struggle to make significant progress in inflation rates, influencing his prediction of a solitary rate adjustment. With certainty about the postponement of the cut until after June, his insights offer valuable perspectives on the Fed's monetary decisions and inflation management strategies.

https://store.livarava.com/d44270b3-07f5-11ef-a6c0-63e1980711b2.jpg — DoubleLine’s Jeffrey Gundlach Predicts Single Rate Cut Amidst Fed's Battle with Inflation

Jeffrey Gundlach Predicts Single Rate Cut as Fed Maintains Fight Against Inflation

'The inflation rate clearly is the one that is lacking progress... so I'm going to lean on one rate cut,' Gundlach said. 'I don't think it's coming in June.'

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Jeffrey Gundlach Predicts Single Rate Cut as Fed Maintains Fight Against Inflation

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