Gundlach: The Federal Reserve simply cannot cut interest rates; the inflation market is not cooperating

According to Jin Shi's report, DoubleLine Capital CEO Gundlach stated that investors will not see interest rate cuts at the next Federal Reserve policy meeting. He pointed out that although the market had anticipated two rate cuts this year, the inflation market is simply not cooperating. Gundlach mentioned that when the two-year U.S. Treasury yield is nearly 50 basis points higher than the federal funds rate, it is impossible to implement rate cuts. He also stated that Kevin Walsh, who has just been confirmed as the Federal Reserve Chairman, is taking office during a "difficult time" and predicted that the first digit of the next CPI index will be in the "4 range."