Hedge fund CEO Jeffrey Gundlach says this is one of the best Fed decisions in a while

Gundlach is the founder of DoubleLine Capital, some remarks crossed the news wires in response to the Federal Open Market Committee (FOMC) decisions today.

  • This is one of the best Federal Reserve decisions in a while
  • Its the right thing
    to not raise rates
  • We have a lot of
    crosscurrents in the economy
  • Very prudent for the
    Fed to have a “wait and see” attitude
  • Probability for rate
    hikes is higher than before recent oil spike
  • The narrative is
    going to develop that there won’t be a hike in November
  • The unemployment
    rate is going to go higher
  • The economy could
    slow down fairly quickly
  • Treasury bonds are
    quite attractive at this moment
  • The next bond rally
    will not last
  • Think we are getting
    near the end of this 10-year rate rise
  • Quite likely there
    will be rate cuts in first half of next year
  • The equity market is
    really overvalued versus bond market
  • Could make a case to
    build a position in commodities

This article was written by Eamonn Sheridan at www.forexlive.com. Source