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Gundlach: Fed may have jumped the gun on 'mission accomplished'
The Federal Reserve may have just had a "mission accomplished" mistake, according to one market expert. DoubleLine Capital's Jeffrey Gundlach said the Fed's Wednesday announcement of the first rate hike since 2006 has been "a long time in the making," but it could come back to haunt Chair Janet Yellen. Reiterating his earlier comments that the central bank's hike was more about credibility than economics, Gundlach pointed to Yellen's afternoon news conference comments. "She says 'the era of extraordinary accommodation has ended,' which of course is not true at all," he said, adding that a target funds rate between ... (full story)