Doubletree’s Gundlach: Don’t think we see a cut at the next meeting

Doubletree’s Gundlach on CNBC says:

• I don’t think we see a cut in the next Fed meeting
• I think the first cut might come in June – July.
• The Fed might be seven states for Q3
• Says the chance of recession is 50% to 60%
• Does not see 10-year going below 4%
• Have hard time seeing inflation settling in near 2%
• I think we will see risk get cheaper: have dry powder so you can take advantage

This article was written by Greg Michalowski at www.forexlive.com.