DoubleLine's Gundlach says Fed unlikely to reduce stimulus in October
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital, said Thursday that the U.S. Federal Reserve is not likely to scale back the pace of its monthly bond-buying during its meeting in October.
The Fed's $85 billion in monthly bond purchases will likely continue through January given the small likelihood of a "monumental change" in U.S. economic data, Gundlach said on an investor webcast.
The Los Angeles-based DoubleLine Capital had $57 billion in assets as of June 30.
(Reporting by Sam Forgione; Editing by Diane Craft)
- U.S. House passes border-security funding bill to speed deportations |
- Bible left in North Korean sailor's club triggered U.S. tourist's arrest
- Exposure of health workers weakens Africa's Ebola fight
- Tape emerges of Clinton discussing bin Laden day before 9/11 attack
- Israel looks for missing soldier; Hamas says he may have been killed |