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DoubleLine Capital CEO Jeffrey Gundlach predicts that interest rates will fall as the US economy enters a recession in early 2024. Gundlach's forecast aligns with a growing consensus among economists. He also suggests that higher interest rates may follow the recessionary response. However, some experts, like Gerber Kawasaki, believe that a recession may not occur in 2024 due to underlying demand and positive employment trends.
I don’t think we will have a recession next year. The economy has slowed but still lots of underlying demand. The employment picture has changed for sure. With lower rates and higher earnings, could be a very good year for stocks and bonds in 2024…
DoubleLine Founder Jeffrey Gundlach sees a recession by Q2 of 2024, if we aren't in one already. The surprise he sees coming for investors: "Weirdly, I think we're going to have higher interest rates in the aftermath of the recessionary response." https://t.co/XCaMtXoqGa https://t.co/Omq0yb6wvZ
“I do think rates are going to fall as we move into a recession in the first part of next year,” DoubleLine Capital CEO Jeffrey Gundlach has said. https://t.co/SvUoq287YC
Oops, recession 2024 suddenly a consensus again? The Economist here https://t.co/0S140bop8p
“I do think rates are going to fall as we move into a recession in the first part of next year,” DoubleLine Capital CEO Jeffrey Gundlach says on @CNBCClosingBell. https://t.co/MYo6l49FDb https://t.co/vEMn1NwvUY
DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024 https://t.co/YTv3UNb7ZU