Gundlach Predicts a US Recession Will Start in a Few Months
Economía Gundlach predice que una recesión en EE. UU. comenzará en unos meses Hace 25 minutos Noticias de Bitcoin Ethereum (Bloomberg) — Doubleline Capitals Jeffrey Gundlach said on CNBC that he expects a US recession will start in a few months, and that the Federal Reserve will need to respond “very dramatically.” Más leído de Bloomberg “The economic headwinds are building, weve been talking about this for a while, and I think the recession is here in a few months,” Gundlach said Monday. “All we really need is the unemployment rate to go higher.” The Doubleline Capital founder also said he anticipates the Fed will cut interest rates “a couple of times” this year. The overall state of the economy is “clearly weak,” he said. On Monday, amid a more upbeat outlook for US banks, Treasury yields jumped and swaps traders were betting that a quarter-point rate hike is more likely than not at the central banks next meeting in May. Officials have been tightening policy for a year to battle inflation. Gundlach said he doesn‘t expect the Fed will lift rates until the 2-year Treasury yield “goes back up,” although he didn’t specify by how much. The rate on the maturity surged 25 basis points on Monday as