FYI:
The Federal Reserve will not raise interest rates when it meets this week, but the U.S. central bank will include “hawkish no-hike language,” Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Monday.
In a telephone interview with Reuters, Gundlach said Fed officials “want to be able to raise rates later this year if the WIRP (World Interest Rate Probability) index is in the 40s,” Gundlach said. Currently WIRP, which measures the implied probability of an interest rate hike between 0 and 100, sits around 18 percent for the Fed's meeting on Sept. 21.
Regards,
Ted
http://www.reuters.com/article/us-funds-doubleline-gundlach-idUSKCN11P22E
