Einhorn's Outlook: Few Federal Rate Cuts and a Strong Case for Gold Hedge fund manager David Einhorn, speaking at the Sohn Investment Conference in New York, expressed his view that inflation is picking up pace again, contrary to what many investors might think. Citing recent U.S. data, including a 2.8% rise in the core personal consumption expenditures price index for February—which overshoots the Federal Reserve’s 2% target—Einhorn argues that reducing inflation will be more challenging than anticipated. Despite expectations, he predicts the Federal Reserve might enact fewer than three interest rate cuts this year, if any at all. Given these inflation concerns, Einhorn has significantly increased his investment in gold. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Labor Market Defies Expectations with Lower than Expected Jobless Claims READ MORE Could Central Bank Buying Send Gold to $3,000? READ MORE Crude Oil's Upward Momentum Stalls Amid Signs of Overbought Market READ MORE Gold Dips as Fed Signals Only One Rate Cut for 2024 READ MORE SocGen Identifies 3 Key Indicators of Approaching U.S. Recession READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment