US: A recession’s likely in 2023 – DoubleLine's Gundlach Recession UnitedStates EconomicIndicator Inflation
Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine Capital, believes that a US economic recession is likely in 2023, as the US Federal Reserve may fail to provide a soft landing. of an interest rate hike is merely them “following” the two-year Treasury, adding that they were “way behind.”
“Stocks are oversold and will go higher in the immediate term but will roll over once a couple more rate hikes are in place.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.