Business

"The inflation rate clearly is the one that is lacking progress … so I'm going to lean on one rate cut," Gundlach said

May 01, 2024 | 03:56pm

DoubleLine’s Jeffrey Gundlach sees one rate cut this year as the Fed keeps up inflation fight "I don't think it's coming in June."

This story originally appeared on: CNBC - Author:Yun Li

Follow Us on Facebook

Read Next

3M said it would cut about 6,000 positions to focus on high-growth markets, such as automotive electrification and home improvement

Most Popular This Week
1 These are the stocks posting the largest moves in extended trading
These are the stocks posting the largest moves in ...
2 House lawmakers have the signatures they need to prompt a vote on a bill that would eliminate rules limiting Social Security income for pensioners
House lawmakers have the signatures they need to prompt ...
3 These are the stocks posting the largest moves in midday trading
These are the stocks posting the largest moves in ...
4 There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount
There's yet another Chinese electric car aiming to undercut ...
5 The Federal Reserve just cut interest rates by a half point
The Federal Reserve just cut interest rates by a ...
6 These are the stocks posting the largest moves in premarket trading
These are the stocks posting the largest moves in ...
7 Analysts have welcomed the move by UniCredit, particularly because a tie-up between the two banks might spur more M&A activity in Europe's banking sector
Analysts have welcomed the move by UniCredit, particularly because ...
8 Speaking to CNBC's
Speaking to CNBC's "Squawk Box Asia" on Thursday, the ...
9 Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors, CEO Richard Teng told CNBC's Lin Lin
Cryptocurrency exchange Binance has seen a 40% increase this ...
10 On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy
On Wednesday, Dalio listed debt, money and the economic ...
More from: Yun Li
1 The so-called dot plot indicated that 19 FOMC members see the benchmark fed funds rate at 4.4% by the end of this year
The so-called dot plot indicated that 19 FOMC members ...
2 The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72
The prominent hedge fund investor, who also owns the ...
3 DoubleLine Capital CEO Jeffrey Gundlach said the Federal Reserve needs to ease policy quickly amid an economic slowdown
DoubleLine Capital CEO Jeffrey Gundlach said the Federal Reserve needs to ...
4 John Paulson, a supporter of Donald Trump, said there could be a collapse in the financial markets if Kamala Harris' proposed tax plans become a reality
John Paulson, a supporter of Donald Trump, said there could ...