David Einhorn says the Fed will cut ‘substantially more’ than two times. So he’s betting big on gold
CNBC: David Einhorn predicts more interest rate cuts from the Federal Reserve than currently expected, boosting his confidence in his gold investment. He believes Trump’s pick for Fed chair will push for additional cuts, potentially exceeding two by year-end.
Renowned investor David Einhorn foresees the Federal Reserve implementing more interest rate cuts than the market anticipates, citing confidence in his gold holdings. Despite recent job report strength, Einhorn believes the central bank may make more than the projected two cuts in response to potential inflation and trade policy uncertainties. Gold, seen as a reserve asset amid global economic instability, has surged due to central banks’ preference for it. Einhorn also expresses bullish sentiment towards SOFR futures, betting on further declines in short-term rates.
