Bond King Jeffrey Gundlach Says Fed Rate Cuts Incoming, Warns US Inflation Data Appears To Be ‘Made Up’

Description

DoubleLine Capital CEO Jeffrey Gundlach says the US government’s economic data now appears to be largely fabricated out of thin air. In a new interview with Bloomberg Television, Gundlach says data used by the Fed to determine rates is full of estimates, including the Consumer Price Index (CPI), which tracks the cost of a basket of goods, and jobs reports. “I feel like this data that is coming out is getting much less reliable, and this has been building for a long time. People are saying that t...