DoubleLine Capital's Gundlach Says CPI Is Likely To Come Down On A Headline Basis; Interest Rates Are Going To Start Going Up Because Of The Inflationary Response That Will Be Put In Place To Combat Next Recession
Portfolio Pulse from Benzinga Newsdesk
DoubleLine Capital's Jeffrey Gundlach predicts that the Consumer Price Index (CPI) is likely to decrease on a headline basis. He also anticipates that interest rates will start to rise due to the inflationary response that will be implemented to combat the next recession.
November 01, 2023 | 7:34 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The prediction of a decrease in CPI and a rise in interest rates could impact the SPY ETF. Higher interest rates can lead to lower stock prices, potentially negatively affecting SPY.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. Higher interest rates can make borrowing more expensive for companies, potentially leading to lower profits and lower stock prices. This could negatively impact the value of the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75