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'Red alert recession signals.' Gundlach expects the Fed to cut rates substantially 'soon.'

Summary by Ground News

Jeffrey Gundlach, DoubleLine Capital’s chief executive and chief investment officer, predicts the Fed will have to cut rates substantially soon. He zeroed in on what he called red alert recession signals, pointing out that the yield on the 10-year Treasury yield TMUBMUSD10Y, 3.353% versus the 2-year treasury yield TMubMUSD02Y,. 3.695% is now inverted by 40 basis points. The Fed Funds rate currently stands at a nearly 16-year high of 4.75% to 5%, from close to zero a year ago.

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Jeffrey Gundlach sees ‘red alert’ recession signal and Fed cutting rates soon

DoubleLine Capital CEO Jeffrey Gundlach says the bond market is screaming that a recession is imminent.

2 years ago·United States

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'Red alert recession signals.' Gundlach expects the Fed to cut rates substantially 'soon.'

Coming soon, a recession and Fed rate cuts, says DoubleLine Capital's chief executive and chief investment officer Jeffrey Gundlach.

2 years ago·United States

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Billionaire 'Bond King' Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon – Economics Bitcoin News

Billionaire Jeffrey Gundlach has predicted that the Federal Reserve will cut interest rates substantially soon.

2 years ago

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MarketWatch broke the news in United States 2 years ago on Friday, March 24, 2023.

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