Gundlach Says Fed Likely to Again Cut Rates 50 Basis Points

The Federal Reserve is likely to cut its benchmark interest rate another 50 basis points when it meets this month to try to cushion the U.S. economy from the widening impact of the coronavirus, according to money manager Jeffrey Gundlach.

“I think they cut 50 in the next meeting in just two weeks,” Gundlach said Thursday in an interview on CNBC.