DoubleLine's Gundlach sees over 75% probability of recession

Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine Capital, made some comments on the US Federal Reserve’s (Fed) policy outlook and recession risks in his interview with CNBC News early Thursday.

Key quotes

Fed should not hike anymore after today.

Though will likely do another 25 bps hike.

Better than 75% probability of recession.

Thinks inflation rate is going to fall faster than most economists do.

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