CNBC Pro

Jeffrey Gundlach says inflation could hit 10% this year, calls Fed's target 'laughable'

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019.
Adam Jeffery | CNBC

DoubleLine Capital CEO Jeffrey Gundlach said inflation, already at a 40-year high, could surge to 10% this year, pushing the Federal Reserve to tighten monetary policy aggressively.

The so-called bond king also made a slew of calls on Treasurys, gold and commodities during an investor webcast Tuesday.

More In Follow the Pros

Hedge funds are amassing short bets on these winning stocks, according to Goldman
CNBC ProHedge funds are amassing short bets on these winning stocks, according to Goldman
These 3 stocks offer investors value in a retail environment filled with ‘crosscurrents,’ Cowen says
CNBC ProThese 3 stocks offer investors value in a retail environment filled with ‘crosscurrents,’ Cowen says
Wall Street's latest rally looks sustainable heading into December, Oppenheimer strategist says
CNBC ProWall Street's latest rally looks sustainable heading into December, Oppenheimer strategist says