Gundlach spoke in an interview with US media, CNBC.
Headlines via Reuters:
- Says a lot of room for the fed to cut short term interest rates
- Fed should have cut
today - Think we have a 150
bp of cuts coming, certainly in a year from now - Says still believe 2
yr, 3 yr, 5 yr Treasuries are a safe place to be - Believe we will
eventually say we were in a recession in September 2024 - Don’t think the
economy is that strong
That September 2024 recession call from him is interesting. The data doesn’t appear to be showing the economy heading that way right now.
This article was written by Eamonn Sheridan at www.forexlive.com. Source