Jeffrey Gundlach predicts a recession in the US economy in 2023

Jeffrey Gundlach, head of DoubleLine Capital, expressed his opinion about the situation in the US economy. He assumes that this year it will show growth. However, a recession is possible in 2023. Jeffrey Gundlach believes that the US Federal Reserve will be to blame for this, as its decisions are late compared to rapidly rising inflation. This week the FOMC finally raised the rate by 25 basis points. But according to Jeffrey Gundlach, the Central Bank only followed the yield of 2-year bonds. And we need to make decisions ahead of time. He also noted that the shares are currently oversold. This means that in the short term they will begin to show growth. Then there will be a pullback after the Fed makes several decisions to raise rates. Jeffrey Gundlach expects high inflation to continue both this year and next. Nevertheless, the growth rate of consumer prices in the US will slow down somewhat.

Source: xCritical.com