Trader, analyst and instructor with a 6-year experience

Gundlach: comments on QE3

According to Jeffrey Gundlach, manager of the top-performing DoubleLine Total Return Bond Fund (DBLTX), the US Federal Reserve won’t reduce its monthly asset purchases (QE3) until a new chairman takes over at the end of January.

"The Fed has indicated that a reduction of asset purchases will depend on economic data, and it’s unlikely that those numbers will improve sufficiently by next month to warrant a reduction in the purchases by October. It’s hard to believe the data will have such a monumental change in the next couple of weeks", Gundlach said today to investors.


Scroll to top