Gundlach Says the Fed Shouldn’t Hike Anymore After Today
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Jeffrey Gundlach, the CEO and chief investment officer of DoubleLine Capital, tells CNBC in an interview that the Federal Reserve shouldn’t raise rates anymore after today but he believes there will probably be another 25 basis points increase.
Gundlach also added that a recession is coming, saying there is a better than 75% probability that the economy falls into one. He points to the many recessionary indicators which he says are evident and notes the economic conditions are “very late cycle.”