DoubleLine’s Gundlach Sees 90% Chance of a 2020 Fed Cut

(Bloomberg) -- DoubleLine CEO Jeffrey Gundlach said on Twitter Friday he now sees a 90% chance for a Federal Reserve rate cut this year.

“It took less than 2 days for the bond market to nullify the Fed’s “we’re firmly on hold” message this week,” Gundlach wrote.

READ: U.S. Rates Will Remain ‘Beholden’ to Path of Coronavirus: BMO

To view the source of this information click here

©2020 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.