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 Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Oxford: Recession Fears Ease as US Economy Shows Signs of Stabilization READ MORE Chinese Consumers Cool on Gold — Central Bank Demand Remains Strong READ MORE Gold Hits Fifth Record High in March as Fed Discusses Rate Cuts READ MORE Currencies Rally Against Dollar as Fed Rate Cut Expectations Grow READ MORE Add a Comment Cancel replyYour email address will not be published.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