“I noticed a real change in sentiment regarding what’s happening with negative interest rates and ECB policy.” This is the “pivot” that DoubleLine CEO Jeffrey Gundlach says he has recently seen in regards to interest rates.
said the Federal Reserve might need to embark on quantitative easing to increase the money supply.
In a rare move, the Fed's own benchmark fed funds target rate rose to 2.3% on Tuesday, above the target range set when it cut rates at its last meeting in July.for this year after dipping to their historic lows in August on fears of a global economic slowdown. He said QE will drive long-term borrowing cost higher.
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