Lates News

DoubleLine Capital CEO Gundlach said investors will not see a rate cut at the next Federal Reserve policy meeting. "Previously, people expected two rate cuts this year but the inflation market simply doesn't support that," Gundlach said. "In my view, it's impossible to cut rates when the two-year Treasury yield is almost 50 basis points higher than the federal funds rate." Gundlach called Kevin Warsh, who was just confirmed as Federal Reserve Chairman, taking office in a "difficult time." Gundlach said, "DoubleLine's model indicates that the first digit of the next CPI index will be in the '4 digits'."