DoubleLine CEO Gundlach: Unemployment Relief Over Inflation Control

DoubleLine CEO Jeffrey Gundlach joins CNBC’s “Closing Bell” on June 18 to share his reaction to the latest Federal Reserve meeting and why he believes the central bank is more likely to prioritize employment over inflation in coming months. He discusses the Fed’s wait-and-see stance; inflationary risks from base effects, oil and tariffs; and why he expects inflation to rise even as the Fed leans toward rate cuts. Mr. Gundlach also highlights key recession signals, including the 2s10s yield curve de-inversion and U-3 unemployment rate crossing its three-year moving average. He also weighs in on the bond market’s muted volatility, strange behavior of credit spreads – particularly in the CCC bank loan space – and the potential for a major pivot in long-term U.S. Treasuries if federal debt interest-expense pressures mount. Mr. Gundlach reiterates his call to favor non-U.S. equities and emerging markets, explains why gold remains a standout asset and warns that the U.S. dollar might no longer serve as a safe haven. With geopolitical tensions, fiscal stress and policy uncertainty all in play, he sees a regime shift underway – and volatility on the horizon.