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Gundlach Predicts Higher Rates, Lower Recession Odds Under Trump

DoubleLine Capital's CEO, Jeffrey Gundlach, forecasts higher interest rates due to potential increased government spending if Republicans control the House, while also suggesting that Trump's presidency reduces recession odds.

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United States

PoliticsEconomyUs PoliticsInterest RatesFinanceRecession

Doubleline CapitalFederal ReserveHouse Of Representatives

Jeffrey GundlachDonald Trump

What is the current state of the U.S. fiscal situation?: The current fiscal situation is challenging, with a budget deficit exceeding $1.8 trillion and over $1.1 trillion dedicated to financing costs on the national debt.
What is Gundlach's reasoning behind his prediction of higher interest rates?: Gundlach believes that a Republican-controlled House would result in more debt and higher long-term interest rates, impacting the Federal Reserve's response.
What are the potential implications of the Trump administration's fiscal policies?: While Gundlach anticipates higher interest rates due to potential increased government spending, he believes that Trump's policies might lower the chances of a near-term recession.
How does Gundlach view the impact of the Trump presidency on the possibility of a recession?: Gundlach suggests that the potential for a recession decreases with a Trump presidency and its proposed agenda, which includes tax cuts and stimulus.
What is Jeffrey Gundlach's prediction regarding interest rates if Republicans control the House?: Jeffrey Gundlach, CEO of DoubleLine Capital, predicts higher interest rates if Republicans control the House, leading to increased government spending and borrowing.

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