The Fed shouldn’t have raised rates again, says Jeffrey Gundlach

CNBC, Released on 7/26/23

Jeffrey Gundlach, CEO, CIO and Co-Founder of DoubleLine Capital LP, joins ‘Closing Bell’ to discuss the Fed’s decision to raise rates by 25 bps, recessionary signals relating to the yield curve de-inversion and signals that core PCE moving down to 3% in the upcoming month.

Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named “Money Manager of the Year” by Institutional Investor. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.

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