"New Bond King" Gundlach: Inflation Could Hit 4%, No Rate Cut from Fed

Odaily reported that 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 remarked that when the two-year U.S. Treasury yield is nearly 50 basis points above the federal funds rate, a rate cut by the Fed 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. (Jinshi)