Hedge fund CEO Jeffrey Gundlach says this is one of the best Fed decisions in a while

<p>Gundlach is the founder of DoubleLine Capital, some remarks crossed the news wires in response to the Federal Open Market Committee (FOMC) decisions today. </p><ul><li>
This is one of the best Federal Reserve decisions in a while</li><li>Its the right thing
to not raise rates</li><li>We have a lot of
crosscurrents in the economy</li><li>Very prudent for the
Fed to have a "wait and see" attitude</li><li>Probability for rate
hikes is higher than before recent oil spike</li><li>The narrative is
going to develop that there won't be a hike in November</li><li>The unemployment
rate is going to go higher</li><li>The economy could
slow down fairly quickly</li><li>Treasury bonds are
quite attractive at this moment</li><li>The next bond rally
will not last</li><li>Think we are getting
near the end of this 10-year rate rise</li><li>Quite likely there
will be rate cuts in first half of next year</li><li>The equity market is
really overvalued versus bond market</li><li>Could make a case to
build a position in commodities</li></ul>

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