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Gundlach Warns U.S. Inflation May Hit 10%, Forcing Fed’s Hand

  • Economic outlook is worse now than in September, he says
  • Bonds are over-valued, while emerging markets are cheap
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Explain This: Inflation

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U.S. inflation may approach 10% this year, according to DoubleLine Capital’s Jeffrey Gundlach, a historic level that he said underscores the need for the Federal Reserve to aggressively tighten monetary policy even amid fresh uncertainty caused by Russia’s war in Ukraine.