Doubleline Capital's Gundlach Says Fed Will Cut Rates If Unemployment Rises To Forecast; Fed Was Way Too Slow In Raising Interest Rates; Fed Was Way Too Slow In Raising Interest Rates; Persistent Weakness In Oil Prices Suggests Lower Inflation Ahead
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach predicts the Fed will cut rates if unemployment rises to forecast levels, stating that the Fed was too slow in raising interest rates. He also suggests that persistent weakness in oil prices indicates lower inflation ahead.
June 14, 2023 | 7:43 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Gundlach's prediction of potential rate cuts and lower inflation due to weak oil prices may impact the overall market, including the SPY ETF.
Gundlach's comments on the Fed's potential rate cuts and lower inflation due to weak oil prices may affect the overall market sentiment, which in turn could impact the SPY ETF. However, the direct impact on SPY is not explicitly mentioned in the article, and other factors may also influence the ETF's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50