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Bond billionaire Jeffrey Gundlach says the Fed will only hike rates to 4.5% – and he sees an 80% chance of a US recession next year

Jeffrey Gundlach has predicted an early end to the Federal Reserve’s interest-rate hikes, and warned the US economy will most likely tumble into a recession next year. The US central bank hiked rates by 75 basis points to a range of 3.75% to 4% on Wednesday, marking its latest effort to tackle …

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