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Gundlach Urges Fed to Slow Rate Hikes as Summers Prefers 1% Jump

Gundlach, the chief investment officer of DoubleLine Capital, believes the Fed will probably tighten by 75 basis points at its September meeting but he would prefer just 25 basis points due to concerns about potential oversteer. Policy makers also haven’t paused long enough to see what effect the previous hikes have already had, he said in an interview with CNBC.

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