PANews reported on January 29 that the "new bond king" Gundlach said that the Fed's upcoming interest rate decision is the most predictable "holding fire" in recent years. However, although the vast majority of people expect the Fed to keep interest rates stable at this week's meeting, traders have increased their bullish bets on U.S. Treasuries because they hope that Fed Chairman Powell will signal a possible rate cut at the March meeting.
Gundlach said Powell's press conference should focus on the dual mandate of price stability and full employment, "the relationship between the two is currently in tension, so this is more prominent than ever." (Jinshi)
