Bond king Jeffrey Gundlach says he expects one more Fed rate hike
Publishing timestamp: 2023-02-01 17:09:13
Summary
DoubleLine Capital CEO Jeffrey Gundlach said he believes the Federal Reserve will raise interest rates one more time before ending its tightening cycle. He also said that the Fed Chairman Jerome Powell had a "clarifying" statement at a press conference, noting that real yields are positive across the curve. Gundlach believes that the Fed could conduct a few more rate hikes to bring inflation down to its target, and that the odds for a recession this year are still above 50%.
Sentiment: NEUTRAL
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