Gundlach Says It’s ‘Just Not Possible’ for the Fed to Cut Rates

Investors won’t see a rate cut out of the next Federal Reserve policy meeting, according to DoubleLine Capital LP chief executive officer Jeffrey Gundlach.

“People were looking for two rate cuts this year, but the inflation market has simply not cooperated,” Gundlach said on Fox News’ Sunday Morning Futures. “It’s just not possible, in my view, to cut interest rates when the two-year Treasury is almost 50 basis points higher than the Fed funds rate.”