Bond King Jeffrey Gundlach says that the incoming interest increase will be the last

Bond King Jeffrey Gundlach says that the incoming interest increase will be the last
Jeffrey Gundlach-an American businessman and founder of Doubleline Capital-believes that the US Federal Reserve will raise the interest for 25 basis points next week.
According to him, this will be the last increase, since he believes that the central bank will pass to other efforts to combat inflation.
The end of the interest rate policy of the Fed? Span>
In a recent interview for CNBC, Gundlach (better known as "Bond King") predicted that the Federal Reserve will enforce a small rate increase in the USA on March 22nd in the USA.
"I only think that the FED will not go to 50 at the moment. In order to protect the credibility of the central bank, they will probably raise interest rates by 25 basis points. I would think that this would be the last increase."
Jeffrey Gundlach, CNBC
The collapse of large American banks, including Silicon Valley Bank and Signature Bank, triggered panic for local investors and consumers, which began to ask how the Fed would react to this disaster. Gundlach believes that the institution will stop increasing interest rates (forecast earlier than by some) and will concentrate on other instruments to combat inflation.
"This really throws a wrench in [Fed Chair] Jay Powell's schedule," he added.
According to an estimate of the CME Group, most dealers expect the Federal Reserve to announce an interest rate increase by 0.25 %, while less than 15 % believe that there will be no changes.
others, like the founder of Skybridge Capital-Anthony Scaramucci-previously said As soon as the US inflation drops to 4-5 %. The latest CPI numbers clocked in the year compared to the year, which fulfilled previous expectations and triggered a mini bull run for the cryptom market. Bitcoin peppered yesterday at almost $ 26,500 (Coingecko data), a level that has not been reached since June last year.
Gundlach's pessimistic view of BTC
The Americans divided Last summer, the condition of the cryptocurrency market does not seem to be "positive". He expected the negative trend to strengthen and finally trigger a decline in the BTC to $ 10,000:
"It looks like it is liquidated, so I am not optimistic for Bitcoin at $ 20,000 or $ 21,000, I would not be surprised if it were to go to $ 10,000."
Despite their unsatisfactory price development in the following months (compared to the ratings of 2021), the primary cryptocurrency never reached the forecast level and fell up to Data presserver spaces = "True"> in November. At the beginning of the new year it went north and is currently around 50 % higher than on New Year's Eve. .