Bond King Gundlach says the Fed is done raising ratesDoubleLine Capital CEO Jeffrey Gundlach was speaking at the Future Proof conference Tuesday at Huntington Beach, California.
- said the Fed's tightening cycle should come to an end as the economy slows down further
"I think they are done. We have enough economic weakness."
- said the core Personal Consumption Expenditures Price Index has been consistently high, but as soon as it drops under 4%, the Fed should halt with the rate hikes
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Bond King Gundlach says the Fed is done raising rates (https://www.forexlive.com/centralbank/bond-king-gundlach-says-the-fed-is-done-raising-rates-20230912/)
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