Bond Expert Jeffrey Gundlach Says Inflation Should Fall, But US Will Be In Recession In 2024
Portfolio Pulse from Aaron Bry
Jeffrey Gundlach, bond expert and founder of DoubleTree, predicts that the Consumer Price Index inflation will fall, but the U.S. economy may see a recession in early 2024. He also expects the Federal Reserve to be less aggressive as long as inflation falls. The SPDR S&P 500 Trust ETF (NYSE:SPY) traded higher by more than 1% following Fed Chair Jerome Powell's press conference. Gundlach believes a bond rally has started and that interest rates should fall if a recession occurs.
November 01, 2023 | 8:11 pm
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The SPDR S&P 500 Trust ETF (SPY) traded higher following the Federal Reserve's decision and Jerome Powell's press conference. The ETF may be impacted by the predicted fall in inflation and potential recession in 2024.
The SPY ETF traded higher following the Federal Reserve's decision and Jerome Powell's press conference, indicating a positive market response. However, Jeffrey Gundlach's prediction of falling inflation and a potential recession in 2024 could impact the ETF's performance in the future. If inflation falls as predicted, it could lead to less aggressive actions from the Federal Reserve, potentially benefiting the ETF. However, a recession could negatively impact the ETF.
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