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Federal Reserve Won't Cut Rates at Next Meeting, DoubleLine CEO Gundlach States on May 18

GateNews
Forex

According to Jin10, DoubleLine Capital CEO Jeffrey Gundlach stated on May 18 that investors will not see a rate cut at the next Federal Reserve policy meeting. Gundlach cited that when the two-year Treasury yield is nearly 50 basis points above the federal funds rate, rate cuts are fundamentally impossible. The CEO added that DoubleLine’s models forecast the next CPI reading will start with “4.”

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