Bond King Gundlach says the Fed is done raising rates

<p>DoubleLine Capital CEO Jeffrey Gundlach was speaking at the Future Proof conference Tuesday at Huntington Beach, California.</p><ul><li>said the Fed’s tightening cycle should come to an end as the economy slows down further</li><li>
“I think they are done. We have enough economic weakness.”
</li><li>said the core Personal Consumption Expenditures Price Index has been consistently high, but as soon as it drops under 4%, the Fed should halt with the rate hikes </li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.