Doubleline Capital's Gundlach Says We Could Be At A Turning Point For Inflation; Fed Will Cut Rates If The Unemployment Rate Goes Up To What They Forecast; Fed Is Overstating Inflation Risk At This Time
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach believes we could be at a turning point for inflation and that the Fed is overstating inflation risk. He also predicts the Fed will cut rates if the unemployment rate rises to their forecast.
June 14, 2023 | 7:42 pm
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NEUTRAL IMPACT
Gundlach's comments on inflation and potential rate cuts by the Fed may impact the overall market, including the SPY ETF.
Jeffrey Gundlach's comments on inflation and potential rate cuts by the Fed may influence investor sentiment and market movements, which could impact the SPY ETF. However, the extent of the impact will depend on how closely investors follow Gundlach's views and the actual actions taken by the Fed.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50