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 likelihood of the Fed cutting rates next week?

What economic signs did Gundlach cite during his webcast?

What are the odds that Gundlach puts on a recession this year?

What does Gundlach predict about the Fed's actions in July and September?

How does the market's view align with Gundlach's predictions regarding rate cuts?