9.6 C
New York
Friday, November 15, 2024

Bond billionaire Jeffrey Gundlach says the Fed will only hike rates to 4.5% – and he sees an 80% chance of a US recession next year

Jeffrey Gundlach has predicted an early end to the Federal Reserve’s interest-rate hikes, and warned the US economy will most likely tumble into a recession next year. The US central bank hiked rates by 75 basis points to a range of 3.75% to 4% on Wednesday, marking its latest effort to tackle …

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,493FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x