Gundlach: The Fed is unlikely to cut rates; the market is not cooperating with inflation.

According to ChainCatcher, citing Jinshi, DoubleLine Capital CEO Gundlach stated that investors will not see an interest rate cut at the next Federal Reserve policy meeting. He pointed out that although the market had anticipated two rate cuts this year, the inflation market simply did not cooperate. Gundlach mentioned that when the two-year Treasury yield is nearly 50 basis points higher than the federal funds rate, a rate cut is simply impossible. He also stated that Kevin Warsh, who was recently confirmed as Chairman of the Federal Reserve, took office during a "difficult period" and predicted that the first digit of the next CPI index will be in the "40s".