Gundlach Predicts Yellen Will Be Dovish Today; Is “Quite Sure” Oil Prices Are Going Down Again
by Tyler Durden
ZeroHedge.com
05/27/2016
With verious Fed presidents having whipping up the market into a hawkish frenzy in the past two weeks, leading to a dramatic repricing in summer rate hike odds with expectations for a July rate hike now over 50%, many can be “disappointed” by Yellen’s speech today, at least according to Jeff Gundlach who said Yellen appears to be more cautious on raising interest rates and he expects her comments to be dovish again on Friday, when she is scheduled to speak at an event in Harvard-Radcliffe.
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