Gundlach Says Fed Is Unlikely to Cut Interest Rates in June
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Jeffrey Gundlach, the billionaire money manager and chief investment officer of DoubleLine Capital, said he doesn’t think the Federal Reserve will cut interest rates next week, but the chances of multiple cuts this year are high amid growing signs of an economic slowdown.
“July I think is a pretty good possibility,” Gundlach said Thursday during a webcast about the DoubleLine Total Return Bond Fund. “By September is virtually a lock at this point and maybe even a 50 basis pointer in September if the bond market keeps tightening the noose.”