DoubleLine Capital CEO Gundlach says Fed’s 25 bps rate cut is ’the right move’
PositiveFinancial Markets

DoubleLine Capital CEO Jeffrey Gundlach has expressed his support for the Federal Reserve's recent decision to cut interest rates by 25 basis points, calling it 'the right move.' This decision is significant as it reflects the Fed's response to current economic conditions, aiming to stimulate growth and support markets. Gundlach's endorsement adds weight to the Fed's strategy, suggesting that the move could help alleviate financial pressures and encourage investment.
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