"New Bond King" Gundlach: Inflation Could Hit "4% Handle," Fed Rate Cut Unlikely

Odaily Planet Daily News: Jeffrey Gundlach, CEO of DoubleLine Capital LP and known as the "New Bond King," stated that investors will not see a rate cut at the Fed's next policy meeting. He bluntly said that when two-year US Treasury yields are nearly 50 basis points above the federal funds rate, a Fed rate cut is "simply not possible." He warned that next month's CPI reading is more likely to "break above 4%," adding that the speculative frenzy in the stock market harbors risks. (Jinshi)