Recession Odds Are ‘Pretty Darn High’ Right Now, Gundlach Says

DoubleLine Capital’s Jeffrey Gundlach said there’s an increased likelihood of a recession and the Federal Reserve likely won’t lift interest rates again following its latest increase.

“Recessionary odds are pretty darn high right now,” Gundlach said in an interview on CNBC on Wednesday after the Fed’s decision to boost its benchmark rate by a quarter-point and hint at a pause in its tightening cycle.