The banking crisis will only end once the Fed starts slashing interest rates, Jeff Gundlach warns
The turmoil rocking the US regional banking sector won't end until the Federal Reserve starts slashing interest rates, according to billionaire bond investor Jeff Gundlach.
"Deposits are going to keep drifting out, I don't think that this is the last chapter in this regional banking problem… I don't really see what's gonna make it stop unless the Fed cuts interest rates," Gundlach toldThe Fed has aggressively raised rates over the past year in a bid to tame soaring inflation – but that's rattled the US's financial sector.
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