Gundlach: Consequential Voters. Inconsequential Fed.

On Thursday, November 7, 2024, DoubleLine CEO Jeffrey Gundlach shares his insights on Fed Chair Powell’s remarks following the FOMC’s decision to cut the target federal funds rate by 25 basis points. Gundlach notes that Powell has aligned the fed funds rate with the bond market, anticipating another rate cut in December. He also discusses the implications of the U.S. election results on the stock and bond markets, and provides his outlook on interest rates, inflation and the broader economy.