DoubleLine’s Jeffrey Gundlach sees no more Fed rate cuts under Jerome Powell
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DoubleLine Capital CEO Jeffrey Gundlach predicts no further Federal Reserve rate cuts under Jerome Powell's leadership, emphasizing a balanced economic outlook. With only two meetings left before Powell's term ends, he notes inflation is manageable and unemployment is stabilizing. The Fed maintained its rate at 3.5%-3.75%, indicating solid economic expansion. Gundlach suggests investors allocate 30%-40% of portfolios to unhedged international equities, anticipating benefits from currency gains against the U.S. dollar.
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