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These charts have Jeff Gundlach pleading, 'DAMMIT, JANET! DON'T RAISE RATES!'

Sep 13, 2015, 02:49 IST

The Federal Reserve has kept interest rates near 0% since December 2008 in its emergency effort to stimulate growth and inflation in the wake of the global financial crisis.

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And for months, the Fed and Chair Janet Yellen have signaled explicitly that a rate hike would come soon. This has some leading economists forecasting that an initial rate hike will be announced at the Fed's September 16-17 Federal Open Market Committee (FOMC) meeting.

However, DoubleLine Funds' Jeffrey Gundlach thinks that a rate hike now would be hasty.

"Look at the charts," Gundlach said. "Dammit, Janet, don't raise rates!"

As he's been predicting for quite a while, Gundlach believes the Fed is more inclined to hike later than sooner.

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During a webcast on Tuesday, Gundlach shared a slew of market and economic stats and trends that would argue against a rate hike in September or any time this year.

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