"New Bond King" Gundlach: The probability of the U.S. economy falling into recession is higher than 50%

On March 21, Jin Ten Data reported that the “new bond king” Gundlach stated in an interview that he believes the likelihood of the U.S. economy entering a recession is between 50% and 60%, which is much higher than most people’s expectations. Gundlach indicated that tariffs are likely to lead to inflation. He finds it hard to imagine how inflation can stabilize at the Federal Reserve’s target rate of 2%.