Jeffrey Gandrach gave a lecture at the 2019 SOHN meeting held in New York on May 6, 2019.
Adam Jeffrey | CNBC
DoubleLine Capital CEO Jeffrey Gundlach says that the federal preparation system is waiting for data that is patient to evaluate the status of labor markets and inflation on Wednesday (two times at best (two times at best). He said he was expecting only reduction).
“Cut up to two times this year. And I mean, I don’t predict two cuts. I guess it’s probably the most you can think of I think GUNDLACH said in CNBC’s “Closing Bell”. “At the moment, if you let me choose a number, I will say that one cut will be up to two basic cases.”
The Central Bank has been reduced three times in a row to end 2024, and has changed interest rates on Wednesday.
“It would be a slow process to reach the hurdle to reduce the rate again … I don’t think you’ll see a cut at the next Fed conference,” said Gundlach. “He is currently focusing on the stability of the unemployment rate in that he does not feel the need to reduce the rate.”
Notable bond investors believe that long -term Ministry of Finance yields will rise. He noted that since the Fed was reduced for the first time last year, the benchmark’s 10 -year rate has increased by about 85 basis points.
“I don’t think the rate has reached the peak at a long end,” he said. “I think the rate will make another movement at the long end.”
GUNDLACH warns that he currently owns high -risk assets for his observation and evaluation of long -term interest rates.
