Jeffrey Gundlach Breaks Down the Fed’s Dilemma and His Market Outlook

DoubleLine CEO-CIO Jeffrey Gundlach joins CNBC’s Scott Wapner on Monday, Aug. 4, to unpack the latest Federal Reserve rate decision, a surprising jobs report and the broader implications for the U.S. economy and financial markets. Mr. Gundlach shares his first reaction to the Fed’s choice not to cut rates, criticizes the reliability of key economic data and explains why the bond market is signaling a shift. With inflation still above the Fed’s 2% target and employment data showing signs of weakness, he explores the growing tension between the Fed’s dual mandates and predicts at least two rate cuts before year-end.

The conversation also dives into Mr. Gundlach’s investment strategy amid a changing macroeconomic landscape. He discusses the implications of a weakening U.S. dollar, challenges facing long-term U.S. Treasury bonds and why he continues to favor non-U.S. equities in markets like Europe, Mexico and India. Mr. Gundlach’s long-term outlook, skepticism of momentum investing and insights into monetary policy remain central to his playbook.