CNBC, Released on 1/29/25

DoubleLine CEO-CIO and Founder Jeffrey Gundlach joins CNBC’s Scott Wapner to discuss the key takeaways from Wednesday’s FOMC meeting and Fed Chair Powell’s press conference, recorded on January 29, 2025. Jeffrey Gundlach shares his perspective on the Fed’s current stance, highlighting that “the market seems to have taken this at least a bit hawkish” and that there is “no hurry to cut rates.” Powell emphasized the Fed’s data dependency, noting that “we’re very, very data dependent,” to which Gundlach remarks, “It seems like a new high has been reached in data dependency.” Gundlach also delves into the implications of the Fed’s policies on the bond market, pointing out that “since the first Fed rate cut back in September, the two-year Treasury yield is up by 60 basis points.” Mr. Gundlach highlights some potential risks in the credit markets, drawing parallels to the subprime crisis, and advise investors to be cautious: “We’re starting to see retrenching of credit risk… it’s a slippery slope, something to watch out for.” Additionally, Gundlach discusses the broader economic outlook, including inflation, unemployment, and the impact of tariffs. Mr. Gundlach notes that “the inflation rate has been drifting higher by a little bit” and that “with the unemployment rate being at 4.1%, it’s going to be a slow process to get to a hurdle to cut rates again.

Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named “Money Manager of the Year” by Institutional Investor. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.

  economy, federal reserve, inflation, investing, Jeffrey Gundlach, stock market