"New Bond King" Gundlach: 4%-plus inflation is coming, no rate cut from the Fed

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 the two-year U.S. Treasury yield is nearly 50 basis points higher than the federal funds rate, a Fed rate cut is "simply impossible." He warned that next month's CPI reading is more likely to "exceed 4%," and that the speculative frenzy in the stock market harbors risks. (Jinshi)