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DoubleLine’s Gundlach Sees 90% Chance of a 2020 Fed Cut
DoubleLine’s Gundlach Sees 90% Chance of a 2020 Fed Cut
01 Feb 2020, 04:07 AM IST
(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
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To contact the reporter on this story: Maria Jose Valero in New York at mvalero3@bloomberg.net
To contact the editor responsible for this story: Polina Noskova at pnoskova@bloomberg.net
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