DoubleLine Capital's Gundlach Says Fed Raising Rates A Little Bit More Seems Less Certain; Rising Interest Expense On Debt Puts Pressure On Markets; Market Cannot Sustain These Interest Rates Any Longer
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, DoubLeline Capital's Gundlach expressed uncertainty about the Federal Reserve raising rates further. He noted that the rising interest expense on debt is pressuring markets and stated that the market cannot sustain the current interest rates.
November 01, 2023 | 7:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The uncertainty about the Federal Reserve's actions and the pressure from rising interest expenses could impact the overall market, potentially affecting the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by the uncertainty surrounding the Federal Reserve's actions and the pressure from rising interest expenses. These factors could lead to increased market volatility, which could negatively affect the ETF's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75