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Gundlach Sees a Half-Point Rate Cut With Fed ‘Behind the Curve’
DoubleLine Capital’s Jeffrey Gundlach joined the growing ranks of those wagering that the Federal Reserve will kick off its interest-rate cutting cycle with a half-percentage-point move on Wednesday. Speculation that the central bank is poised to start pulling rates down swiftly to keep the economy from stalling has fueled a sharp bond-market rally that’s driven the yield on two-year Treasuries to less than 3.6%. That’s roughly 1.75 percentage points below the Fed’s target rate. Gundlach, a long-time bond-fund manager, said the central bank should close that gap. He is betting that the Fed is likely to reduce ... (full story)
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- Posted: Sep 17, 2024 8:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,122
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