DoubleLine's Gundlach says Fed's 'pivot' is following bond market's lead

FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid

The Fed is doing “what the bond market says - with a lag,” said Gundlach, who oversees more than $130 billion in assets. “The bond market definitely helped to encourage the ‘Fed pivot.’” In a telephone interview with Reuters, Gundlach said economic data would have to be weak for the Fed to slash rates in July. If policymakers do cut rates next month, “They are basically admitting they are behind the curve,” he said.

...so is this a good or bad thing? WhatToDo

Manipulation by a subservient Fed chairman. Surprised he didn't cut rates today. Must be other voices on the board. Give us Janet Yellen back!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government bonds are now the 'most crowded' market trade, more popular than technology stocksThe move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a spreading trade war.
Source: CNBC - 🏆 12. / 72 Read more »

Here's what the stock market liked from the FedThe Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.
Source: CNBC - 🏆 12. / 72 Read more »

Markets Right Now: US stocks rise following gains in EuropeMARKETS: Stocks are opening higher on Wall Street following big gains in Europe, after the head of the European Central Bank said it was ready to cut interest rates and provide more economic stimulus if necessary. EXCELLENT News America now needs to cut our interest rates to put the euro back where it belongs. Did I miss blonde, bragging about it
Source: ABC - 🏆 471. / 51 Read more »