Jeffrey Gundlach says the Fed is obviously behind the curve, will raise rates more than expected
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Jeffrey Gundlach speaks at the 2019 SOHN conference in New York, May 6, 2019.
Adam Jeffery | CNBC
Jeffrey Gundlach CEO, DoubleLine Capital said Friday that the Federal Reserve has failed in the fight against inflation spikes and plans to accelerate rate rises for this year.
“The Fed clearly is behind the curve… Gundlach stated Friday that the Fed will have to raise rates faster than what the market thinks. “My suspicions are that they’ll keep raising rates till something breaks. Which always happens.”
Five interest rate increases were predicted by the so-called Bond King.
He spoke as inflation was on the rise. a fresh four-decade high with the consumer price index rising 7.5% year over year. This year’s likely interest rate increases were fueled by the soaring price of food.
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