Gundlach: CPI over 2.25% will change the story

Jeffrey Gundlach, the founder of DoubleLine Capital LP, spoke during a webinar today and outlined his thoughts on the US CPI figures due Thursday.

Key highlights

Core CPI above 2.25% will change the entire inflation narrative.

Peak economic momentum may now be behind us.

Gundlach is bearish on the US Dollar overall, but bullish in the short-term.

Chance of a recession in 2019, but minimal.

Believes there will be a bullish break in gold, but not quite yet.