Jeffrey Gundlach says Fed will hike twice in 2017, firstly in June
DoubleLine Founder Jeff Gundlach is giving his annual "Just Markets" webcast to discuss his 2017 outlook.
As you'd expect, his comments have been wide-ranging. I'll post up a run-down when its over, unless he says something that'll move markets.
He hasn't so far, so I just picked out his Federal Reserve comments for the headline:
- Fed will hike 2 or 3 times this year
- First in June
He does warn of much higher US debt:
- Tax cuts and spending hikes means deficit expansion
Gundlach adding to those warning of a world of hurt ahead for the US.