Gundlach Says Fed Is Unlikely to Cut Interest Rates in June

From bnnbloomberg.ca

Jeffrey Gundlach, the billionaire money manager and chief investment officer of DoubleLine Capital, said he doesn’t think the Federal Reserve will cut interest rates in June. Here are additional comments he made during a webcast for his DoubleLine Total Return Bond Fund on the Fed’s next steps: • "Fed will try to say as little as possible" at next meeting Powell’s presentation will be lighting fast given the difficult position the Fed is in on rates • "You only know with hindsight whether something’s an insurance cut," says Gundlach. You might get a 50-basis point cut in September. Says "extremely ... (full story)