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Gundlach Says Fed May Expand Balance Sheet After Repo Moves

  • Surge in overnight rates a ‘warning sign’ to U.S. central bank
  • Fed shouldn’t cut interest rates but will, fund manager says
Bloomberg business news
N.Y. Fed Takes $75 Billion of Securities, Treasuries in Repo Op
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The spike in overnight repurchase agreements may prompt the Federal Reserve to expand its balance sheet, according to Jeffrey Gundlach, chief investment officer of DoubleLine Capital.