“New Bond King” Gundlach: Inflation Headed for 4%-Handle, Fed Rate Cut Unlikely

Odaily Odaily 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 next Fed policy meeting. He bluntly remarked that when the two-year Treasury yield is nearly 50 basis points above the federal funds rate, a Fed rate cut is “simply impossible.” He warned that next month's CPI reading is more likely to “break above 4%,” and the speculative frenzy in the stock market harbors risks. (Jin Shi)