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Fed chair: "It is unlikely the next policy move will be a hike"

DoubleLine's Gundlach sees US recession within four months

Reuters
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York

NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said a recession could happen within the next four months, as recent U.S. bank failures have exacerbated the tightening of financial conditions caused by higher borrowing rates.

"With all that's going on I think a recession is probably within four months at the most," Gundlach said in a Twitter Spaces audio chat on Thursday.

(Reporting by Davide Barbuscia; Editing by Leslie Adler)