What Billionaire Jeffrey Gundlach Said About the Fed on His Webcast

Jeff Gundlach, CEO of Doubleline, predicts that the Federal Reserve is unlikely to cut rates next week, but he sees a growing economic slowdown. He estimates a 40-45% chance of recession in 2019 and a 65% chance by 2020. Gundlach highlights the impact of the trade war on the economy and suggests that a rate cut in July is likely, with a September cut almost certain. The market seems to agree with his predictions, showing higher odds for two rate cuts by September.

What did Jeff Gundlach say about the Federal Reserve's action on rates next week?

• They are unlikely to cut rates.

• They will maintain the current rates.

• They will definitely cut rates.

• They will increase rates.

What are the odds that Jeff Gundlach assigns to a recession occurring in 2019?

• 30 to 35%

• 20 to 25%

• 40 to 45%

• 50 to 55%

According to Gundlach, what is the chance of a recession by 2020?

• 55%

• 70%

• 65%

• 60%

What does Gundlach predict about the Federal Reserve's rate cut in July?

• It is unlikely to happen.

• It has a pretty good chance.

• It is certain to happen.

• It will be a 75 basis point cut.

How does the market view the possibility of two rate cuts by the end of September?

• It is more likely than one cut.

• It is equally likely as one cut.

• It is less likely than one cut.

• It is not considered by the market.