- Billionaire bond investor Jeffrey Gundlach said inflation likely will stay above 5% in 2021 and exceed 4% through next year.
- Gundlach conceded that some price increases, such as lumber and some other commodities, are temporary, but said others are not.
Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay above 4% through at least 2022.
Citing pressures from shelter costs and rising wages, the head of DoubleLine Capital told CNBC that he sees the current inflation run as non-transitory and instead likely to persist well into the future.
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