Fed May Raise Rates for Different Reasons

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.”

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.