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Inflation Making It Hard for Fed to Cut Rates, Gundlach Says
Jeffrey Gundlach says it is very difficult to see the Federal Reserve cutting interest rates further at this point, and the DoubleLine Capital CEO actually sees the central bank raising rates for its next move.
Gundlach told Fox News’ Sunday Morning Futures that conditions are going to give newly minted Fed Chair Kevin Warsh a “rough time.”
“People were looking for two rate cuts this year, but the inflation market has simply not cooperated,” Gundlach told Fox. “It’s just not possible, in my view, to cut interest rates when the two-year Treasury is almost 50 basis points higher than the Fed funds rate.”
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