Jeffrey Gundlach speaks at the SOHN 2019 Conference in New York on May 6, 2019.
Adam Jeffery | CNBC
DoubleLine Capital CEO Jeffrey Gundlach said on Friday the Federal Reserve is behind the curve in combating a spike in inflation and the central bank is expected to accelerate the increase. interest rates this year.
“There will be more rate hikes than the market thinks,” Gundlach said Friday on CNBC’s “Mid-Time Report.” “I doubt they’ll keep raising rates until something happens, which always happens.”
The so-called king of bonds is forecasting five rate hikes this year.
His comments come as inflation picks up new high in four decades with the consumer price index increased by 7.5% over the same period last year. Red hot price pressure increases the possibility of a significant interest rate hike this year.
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