“New Bond King” Gundlach: Inflation Headed for “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 next Federal Reserve policy meeting. He bluntly remarked that with the two-year US Treasury yield 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 that the speculative frenzy in the stock market harbors risks. (Jinshi)