Here's where Jeffrey Gundlach is investing after the Fed held rates steady
DoubleLine Capital CEO Jeffrey Gundlach isn't taking big risks in the bond market right now.
Reported by 1 outlet — CNBC Top News. See all sources ↓
The US Federal Reserve decided to keep interest rates unchanged. Jeffrey Gundlach, who leads DoubleLine Capital, said he is not making big bets in the bond market now. He prefers to wait and see how the economy reacts before taking more risk. Gundlach believes the current rate pause gives him time to look for safer opportunities.
Why it matters
When the Fed holds rates steady, it influences how much people earn on savings and pay on loans. Gundlach's cautious approach can signal where big investors see safety or risk in the bond market.
- What did the Federal Reserve do?
- It kept interest rates at their current level.
- Who is Jeffrey Gundlach?
- He is the CEO of DoubleLine Capital, a firm that manages bond investments.
- Why is Gundlach avoiding big risks in bonds now?
- He wants to wait for clearer signs about the economy before making large bets.
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Here's where Jeffrey Gundlach is investing after the Fed held rates steady
Sources1TypeCoverageCNBC Top News