Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday tha...
- Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve were not going to stop a recession from happening and that “once the Fed is in easing mode, it is already too late.”
The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world’s biggest economy could be heading for recession. “To say that are going to stop a recession is flawed,” Gundlach said. “Once the Fed is in easing mode, it is already too late. You already have a recession gaining momentum.”
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