<p>Has the US possibly entered a recession?</p>

<p>Jeffrey Gundlach pointed out that when the unemployment rate crosses the 36-month moving average line, it is strong evidence of an economic recession. Currently, the rate has exceeded the 36-month moving average line by almost 50 basis points, which almost confirms that the United States is in a recession</p>

- Many economic indicators suggest that inflation in the United States is slowing down, but it will take time to return to the long-term trend.
- Jeffrey Gundlach, known as the "New Bond King," accurately predicted a 50 basis point rate cut by the Fed in September. He forecasts further rate cuts totaling 210 basis points over the next 12 months, aiming to bring rates down to 2.9% from the current 5.0%.
- Gundlach highlights that while inflation is receding, the Fed is making progress in controlling it, but a return to the long-term trend will require more time. Concerns arise regarding pessimistic trends in employment and budget deficits, with 2024 potentially entering a recession period.

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"New Bond King" Jeffrey Gundlach: The Federal Reserve doesn't need to worry too much about inflation, the United States may have already entered a recession