DoubleLine's Gundlach: Odds of a 2023 Fed rate cut are a ‘coin flip’

Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine Capital, offered his take on the US Federal Reserve (Fed) policy outlook following the first meeting of this year.

Key quotes

Odds of recession this year are down; still over 50%.

Odds of a 2023 rate cut are a ‘coin flip’.

We should all watch core services ex-housing.

Think we have one more rate hike left.

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