Bond king Jeffrey Gundlach said the Federal Reserve should have cut rates on Wednesday

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Bond king Jeffrey Gundlach said the Federal Reserve should have cut rates on Wednesday

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: Bond king Jeffrey Gundlach said the Federal Reserve should have cut rates on Wednesday

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