(Bloomberg) -- DoubleLine CEO Jeffrey Gundlach said on Twitter Friday he now sees a 90% chance for a Federal Reserve rate cut this year.
“It took less than 2 days for the bond market to nullify the Fed's “we're firmly on hold” message this week,” Gundlach wrote.
READ: U.S. Rates Will Remain ‘Beholden' to Path of Coronavirus: BMO
To view the source of this information click here
To contact the reporter on this story: Maria Jose Valero in New York at mvalero3@bloomberg.net
To contact the editor responsible for this story: Polina Noskova at pnoskova@bloomberg.net
©2020 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
