DoubleLine Capital's Jeffrey Gundlach Says Think The Fed Will Cut 50 BP Tomorrow, 125 BP Total This Year; I Think We Are In A Recession Right Now
Portfolio Pulse from Benzinga Newsdesk
Jeffrey Gundlach from DoubleLine Capital predicts that the Federal Reserve will cut interest rates by 50 basis points soon and a total of 125 basis points this year. He also believes the U.S. is currently in a recession.
September 17, 2024 | 7:29 pm
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NEUTRAL IMPACT
Jeffrey Gundlach's prediction of significant Fed rate cuts and a current recession could impact SPY, as it reflects broader market sentiment and economic conditions.
SPY, as an ETF tracking the S&P 500, is sensitive to macroeconomic conditions. Gundlach's prediction of rate cuts and a recession could lead to increased volatility, but the exact direction is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50