New Bond King: Rate cuts are unlikely this year, rate hikes are more probable
Golden Finance, March 25th｜The "new bond king" Gundlach believes that the Federal Reserve's forecast that inflation will fall to 2% is extremely unrealistic and even absurd. According to his model, the actual inflation rate will rebound to 3.5% and remain there until the second half of 2026. Since inflation has not made progress and in fact has regressed, the Federal Reserve will not cut interest rates. Current market pricing even shows that the probability of a rate hike is higher than that of a rate cut.
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