Jeffrey Gundlach delivered a speech at the 2019 Son conference in New York on May 6, 2019.
Adam Jeffry | CNBC
Doubleline Capital CEO Jeffrey Gundlach On Wednesday, he expected that he would only reduce the tax rate in 2025, and the maximum of twice-the Fed patiently waited for the transmitted data to evaluate the state of labor market and inflation.
Gundlach said on CNBC: “I cut it at most twice this year. I mean, I will not predict twice cutting. I just think this is the most you might think.”Turn off the clockEssence “At present, if you let me choose a number, I want to say that a tailoring will be the basic case, with a maximum of two. “
Central bank Keep the interest rate unchanged After the end of 2024, after three consecutive cuts, Wednesday. Federal Reserve Chairman Jerom Powell Emphasizing that the central bank is not in a hurry to adjust its policy stance, especially when the economy is still strong.
“It is a slow process to fall into obstacles to reducing interest rates again.” I don’t think you will see layoffs at the next Fed’s meeting. “Obviously, he is now focusing on the stability of the current unemployment rate. Sex, because they do not need to reduce interest rates. “
The famous fixed income investors believe that long -term fiscal yields have more room for rise. He pointed out the benchmark 10 -year interest rate Since the Federal Reserve’s first reduction rate last year, about 85 basis points have been increased.
He said: “I think the interest rate from a long time has not reached its peak.” “I think the interest rate will rise again for a long time.”
Gundlach warns that due to his views on long -term interest rates and his high valuation, he has currently having high -risk assets.
