New Bond King: Supports a 50 basis point rate cut, the Federal Reserve is already "behind the curve"
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New bond king Jeffrey Gundlach said that the U.S. economy has entered a recession, and the Federal Reserve should quickly cut interest rates by 50 basis points to address the problem of prolonged tightening policies. He believes that the Federal Reserve is "far behind the curve" and expects a total rate cut of 125 basis points by the end of the year. Market expectations for rate cuts have driven the bond market, with the yield on the U.S. two-year Treasury falling below 3.6%. Despite an unexpected increase in retail sales in August, employment data is weak, with the unemployment rate rising to 4.3%
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