DoubleLine Capital CEO Jeffrey Gundlach stated that investors should not expect a rate cut at the upcoming Federal Reserve policy meeting. According to Jin10, Gundlach noted that while there were earlier expectations for two rate cuts this year, the inflation market has not cooperated. He emphasized that it is impossible to cut rates when the two-year U.S. Treasury yield is nearly 50 basis points higher than the federal funds rate. Gundlach also commented on Kevin Warsh, who has just been confirmed as the Chair of the Federal Reserve, taking office during a 'difficult period.' Gundlach mentioned that DoubleLine's model indicates that the leading digit of the next CPI index will be '4.'