Bond guru Jeffrey Gundlach said Monday he expects the Federal Reserve to raise rates in 2015, but not on the strength of economic fundamentals.
Speaking with CNBC’s “Squawk Alley,” the CEO and CIO of DoubleLine Capital said Fed policymakers may seek to raise rates because that is what is expected of them.
“The Fed should not be raising interest rates, and yet they don’t want to be at zero. They’re in a conundrum,” he said. “They might raise rates just to see what happens.”