DoubleLine Capital CEO Jeffrey Gundlach was speaking at the Future Proof conference Tuesday at Huntington Beach, California.
- said the Fed’s tightening cycle should come to an end as the economy slows down further
- “I think they are done. We have enough economic weakness.”
- said the core Personal Consumption Expenditures Price Index has been consistently high, but as soon as it drops under 4%, the Fed should halt with the rate hikes