Investing
Gundlach Warns Fed May Overdo Rate Hike to Tackle Inflation
Investor tells CNBC he prefers 25 basis points as market eyes bigger increase at next meeting.
Jeffrey Gundlach, co-founder and chief executive officer of DoubleLine Capital, speaks in New York.
Photographer: Alex Flynn/BloombergThis article is for subscribers only.
Jeffrey Gundlach, chief investment officer of DoubleLine Capital, is worried the Fed will go too far.
The investor told CNBC that while he believes the Fed will likely do a 75 basis point rate hike at its next meeting, he prefers 25 basis points because he is concerned the Fed might oversteer the economy and hasn’t paused long enough to see what effect the previous hikes have already had.