August 04, 2022 - 12:27 PM 203 views
In his most recent tweet, Jeffrey Gundlach, the reigning bond king of Wall Street and the founder and CEO of DoubleLine Capital, warned of an impending recession as the US yield-curve inversion develops.
The 2-year 10-year yield curve inversion is gathering momentum, he tweeted. currently at 36 basis points. the future is rocky.
Gundlach claimed that Chair Jerome Powell has regained his credibility after the Fed raised interest rates by 75 basis points last week. He also claimed that the Fed is no longer behind the curve.
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