DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum

Key Points

DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut for 2025 — two reductions at most — as the Federal Reserve patiently awaits incoming data to assess the state of the labor market and inflation.
The central bank kept interest rates unchanged Wednesday after three consecutive cuts to end 2024.

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