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'The Fed Will Not Raise Rates Again': Bond King Jeffrey Gundlach Says Rate Hikes Are Done — Is It Time For These 2 Sectors To Shine?

The Federal Reserve announced another 25 basis point rate hike last week, bringing the federal funds rate to its highest level since 2007. But according to DoubleLine Capital Founder Jeffrey Gundlach, this should mark the end of the U.S. central bank’s hawkish stance. “The Fed will not raise rates again,” he said in a tweet. This is not the first time for Gundlach to predict that the Fed will pivot. “I predict the Federal Reserve will be cutting rates substantially soon,” he said in a tweet in M