The US economy would certainly not witness a 2008-style recession despite the recent sell-out in the junk-bond market, said Jeffery Gundlach, co-founder and CEO of DoubleLine Capital. The crises that started in 2008 are rare and seldom repeat themselves. It was probably and hopefully an once-in-a-lifetime event. Nevertheless, the condition in the junk-bond market is disconcerting though, but it’s really …
One Man’s Opinion: Will Weak Oil Prices Keep Inflation Expectations Subdued?
The US Federal Reserve’s latest policy statement may have omitted the “patient” word, but there seems to be less certainty in the central bank’s overall tone, indicating the Fed wants to be less predictable about a June rate-hike given the multitude of data that is affecting the US economy, said Matthew Beesley, head of global equities at Henderson Global Investors. …