DoubleLine’s Jeffrey Gundlach sees one rate cut this year as the Fed keeps up inflation fight

Key Points

DoubleLine Capital CEOÂ Jeffrey GundlachÂ said Wednesday that he now sees no more than one interest rate cut this year.
The noted fixed income investorÂ said the most important moment from the Fed’s policy event on Wednesday was when the central bank’s Chair Jerome Powell all but ruled out the possibility of a rate hike.
Treasury yields dropped to their session lows and stocks shot to session highs as Powell said the next policy move will not be a rate increase.