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Investors won\u2019t see a rate cut out of the next Federal Reserve policy meeting, according to DoubleLine Capital LP chief executive officer Jeffrey Gundlach.<\/p>\n
\u201cPeople were looking for two rate cuts this year, but the inflation market has simply not cooperated,\u201d Gundlach said on Fox News\u2019\u00a0Sunday Morning Futures. \u201cIt\u2019s 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.\u201d<\/p>\n
Newly confirmed\u00a0as Federal Reserve chair, Kevin Warsh is coming into the role at a \u201crough time,\u201d Gundlach said.<\/p>\n
With the Iran war sending oil prices surging, which bleeds into US inflation reports, he predicted that the upward trend will continue after the consumer price index jumped 3.8% in April, the fastest pace since May 2023.\u00a0<\/p>\n
DoubleLine\u2019s models suggest that \u201cthe next print on the headline CPI is going to start with a four,\u201d Gundlach said.<\/p>\n
The stock market has been \u201cremarkably strong\u201d through the turmoil. \u201cWhen the Fed isn\u2019t doing anything about the inflation problem, the stock market goes on a tear,\u201d he said.<\/p>\n
While Gundlach has been \u201cvery, very bullish on commodities now for about three years,\u201d investors have had few alternatives to equities with bonds netting negative returns and prediction markets siphoning some interest away from Bitcoin and other speculative assets.\u00a0<\/p>\n
Still, he said the stock market has its own risk baked in at the moment.<\/p>\n
\u201cThe market is very expensive. It\u2019s very speculative, but earnings just continue to blow out on the upside,\u201d Gundlach said. \u201cI think it\u2019s fueled the speculative fervor.\u201d<\/p>\n
Read More:\u00a0Gundlach Warns Investors Will Lose Money on Private Credit<\/p>\n
Gundlach renewed his warnings about private credit, saying \u201cI sure am\u201d worried when asked whether he\u2019s concerned about the sector.\u00a0<\/p>\n
\u201cThere\u2019s something about the private credit market that seems that always needs new investors,\u201d he said. \u201cMaybe it\u2019s just greed on the part of the sponsors, they just always want more and more assets for management.\u201d<\/p>\n
#Gundlach #Fed #cut #rates<\/p>\n","protected":false},"excerpt":{"rendered":"
Investors won\u2019t see a rate cut out of the next Federal Reserve policy meeting, according…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[787,1508,4297,12272,2152],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6529"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6529"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6529\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}