
DoubleLine Capital CEO Jeffrey Gundlach said Wednesday that the Federal Reserve could tip the economy into a recession if the central bank follows through on its rate-hiking path this year. “I think that if the Fed follows the path that they’re talking about, … they are going to break something,” Gundlach said on CNBC’s ” Closing Bell.” The Fed paused its hiking campaign in June, but forecast it will raise interest rates as high as 5.6% before 2023 is over. The so-called dot-plot released Wednesday projected two more increases left in 2023, if the central bank keeps its rate-hiking pace at quarter-point increments. The noted fixed income investor, whose firm managed $92 billion at the end of 2022, said a number of economic indicators are already flashing red. “There are so many indicators that are deeply in recessionary territory,” Gundlach said, pointing to weakening readings in ISM new orders and the purchasing managers’ index. “I’m hard pressed to find an indicator that’s strong.” Gundlach said he doesn’t think the Fed is going to be raising interest rates again as data are expected to deteriorate. “I think Jay Powell has a really difficult job right now,” Gundlach said. “I think he realizes that we’re at a turning point potentially, on the inflation situation and on the economy. … I think the Fed is overstating the inflation risk at this time.” Fed Chairman Jerome Powell said the next gathering for the committee in July remains a “live” meeting, signaling that a quarter-point hike isn’t baked in yet. There are four policy meetings remaining in 2023. “We didn’t we didn’t make a decision about July. … Of course it came up in the meeting from time to time, but really the focus was on what to do today,” Powell said in a press conference Wednesday. “I would say … two things: One, a decision hasn’t been made. Two, I do expect that it will be a live meeting.”
Batman138 Bro138 Dolar138 Gas138 Gudang138 Hoki99 Ligaciputra Panen77 Zeus138 Kilat77 Planet88 Gaspol168 Sikat88 Rupiah138 Garuda138 Gacor77 Roma77 Sensa138 Panen138 Slot138 Gaco88 Elanggame Candy99 Cair77 Max7 Best188 Space77 Sky77 Luxury777 Maxwin138 Bosswin168 Cocol88 Slot5000 Babe138 Luxury138 Jet77 Bonanza138 Bos88 Aquaslot Taktik88 Lord88 Indobet Slot69 Paus138 Tiktok88 Panengg Bingo4d Stars77 77dragon Warung168 Receh88 Online138 Tambang88 Asia77 Klik4d Bdslot88 Gajah138 Bigwin138 Markas138 Yuk69 Emas168 Key4d Harta138 Gopek178 Imbaslot Imbajp Deluna4d Luxury333 Pentaslot Luxury111 Cair77 Gboslot Pandora188 Olxtoto Slotvip Eslot Kuy138 Imbagacor Bimabet