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2025-09-18 09:29:04
Bond King Gundlach: Fed's 25 basis point rate cut was the "right move," and another rate cut is expected in October. Gundlach, often called the "Bond King," said the Fed's 25 basis point rate cut was the "right move," but warned that any aggressive easing could spur inflation. "I think there's a risk of over-easing." He pointed to recent downward revisions to job growth and dislocations in the labor market. He expects the Fed to cut rates again at its October meeting. Gundlach also warned that the United States could enter an environment of negative real interest rates.
