- Expect another rate increase by the Fed at its next meeting due to a “problematic” surge in oil prices, billionaire investor Jeff Gundlach said.
- “I think the probability of rate hikes is higher than what I thought before this oil spike happened,” Gundlach said.
- Oil prices have climbed past $90 a barrel after Saudi Arabia and Russia slashed production.
Investors should brace for another interest-rate increase by the Federal Reserve, with the recent surge in oil prices likely to rekindle inflation pressures, billionaire investor Jeff Gundlach said.
“I think the probability of rate hikes is higher than what I thought before this oil spike happened,” Gundlach told CNBC. “The oil spike is really going to be problematic,” he added.
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