Jeffrey Gundlach Sees Fed Cutting Interest Rate by Half Point
https://www.bloomberg.com › 7 hours ago —
DoubleLine Capital CEO Jeffrey Gundlach Sees a Half-Point Rate Cut With Fed 'Behind the Curve'.
Gundlach said the Federal Reserve needs to ease policy quickly amid an economic slowdown.
He is betting that the Fed is likely to reduce its benchmark by 50 basis points on Wednesday and lower it by a total of 125 basis points by the end of the year. He said he thinks the US economy is already in a recession and the Fed has kept policy tight for too long.
