Market Extra: Fed may start kicking rate hikes ‘old school’: Gundlach

With inflation targets pretty much met, unemployment at multiyear lows and the support of improving economic data, DoubleLine Capital’s “Bond King” Jeffrey Gundlach said the Federal Reserve has no excuse not to start hiking rates in March, but that may also unleash an “old school” central bank that keeps on raising rates.

“Something has changed in influence of the Fed over the market, and vice versa,” Gundlach said in a webcast late Tuesday.

While he said he doesn’t see a recession on the horizon, Gundlach said he’s looking out for red flags now that the market appears to have changed its tone with regard to the Fed.

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