Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermidThe Fed should have cut interest rates a lot sooner, according to Jeff Gundlach.The "Bond King" thinks the economy is already in recession, as evidenced by rising layoffs.Job cut announcements climbed 193% over the last month, per a report from Challenger.The Fed is cutting interest rates too late, as mounting job losses show that the US economy is already in a recession, according to Jeff Gundlach.The billionaire "bond king" and DoubleLine CEO pointed to the Fed's anticipated rate move on Wednesday, with markets expecting central bankers to lower the federal funds rate by 50 basis points at the conclusion of their policy meeting.
Similar Stories to Fed Rate Cuts Are Arriving Too Late And Layoffs Show The Us Economy Is Already In A Recession, Bond King Jeff Gundlach Says on Bing News
jsor@businessinsider.com (Jennifer Sor), Business Insider
Wed, 09/18/2024 - 8:22am
Topics: bond king f i think they doubleline capital new york may doubleline ceo gdp gray christmas powell business insider gundlach challenger us august late show economy recession rate cuts rates report job interest year lot move sooner central month climbed announcements years wednesday slowed high bankers market remains
BING NEWS:
- Fed rate cuts are arriving too late and layoffs show the US economy is already in a recession, bond king Jeff Gundlach says
Layoff announcements climbed 193% over the last month, according to a report from the consultancy Challenger, Gray, & Christmas.
09/18/2024 - 12:22 pm | View Link - The US economy is strong enough that Fed rate cuts aren't even warranted, JPMorgan strategist says
Most traders expect the Fed to make a big initial rate cut, but one strategist says it's not necessary amid low unemployment and historically low rates.
09/17/2024 - 6:51 am | View Link - Bond investors debate recession risks with Fed easing finally at hand
Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut interest rates on Wednesday for the first time in more ...
09/16/2024 - 10:02 pm | View Link - The bond market just flashed a reliable recession signal. Don’t panic.
A weakening jobs market and expectations for Federal Reserve interest-rate cuts later this month just helped set off a reliable bond-market recession signal. Two plots along the roughly $28 trillion ...
09/9/2024 - 1:51 am | View Link - TLT: Positioned For Upside During Fed Rate Cuts And Recession Risks
Key indicators like Fed rate pivots, insider buying, job openings, and yield curve disinversion hint at economic changes. See why I'm bullish about treasuries.
09/8/2024 - 3:13 am | View Link - More
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