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Gundlach Says Fed Ready to Raise Unless Economic Data Weakening

  • DoubleLine CEO says hike now depends on economy not weakening
  • Odds of a Fed move in June climbed to 28 percent this week
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BlackRock's Rieder: Data Downtrend Makes Fed Hike Harder

Jeffrey Gundlach, chief executive officer of $95 billion DoubleLine Capital, says the Federal Reserve has changed the conditions required for a potential interest-rate hike this year.

“The Fed has shifted from, ‘if the data pattern improves we will have the green light to hike,’ to ‘unless the data pattern weakens we have the green light to hike,’” Gundlach, 56, wrote in an e-mail Thursday.