Gonlack: The Federal Reserve simply cannot cut interest rates; inflation and the market are not cooperating.

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ME News Report, May 18 (UTC+8), DoubleLine Capital CEO Jeffrey Gundlach stated that investors will not see a rate cut at the next Federal Reserve policy meeting. He pointed out that although the market had expected two rate cuts this year, the inflation market simply isn't cooperating. Gundlach mentioned that it is impossible to cut rates when the two-year Treasury yield is nearly 50 basis points above the federal funds rate. He also said that Kevin Wirth, recently confirmed as the Federal Reserve Chair, took office during a "difficult period," and predicted that the first digit of the next CPI index will be a "4." (Source: ChainCatcher)
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