Fund manager Gundlach says that if the Fed keeps hiking the recession could be fairly deep

Jeffrey Gundlach, the big wheel at DoubleLine Capital with remarks in a CNBC interview following the Federal Open Market Committee (FOMC) on Wednesday:

• says he has very little confidence in the Federal Reserve forecasts
• says the recession could be fairly deep if the Fed keeps hiking

If you are just waking up the FOMC hikes rates at jacked up the dots:

• Forexlive Americas FX news wrap: Fed hikes by 75 bps and delivers a hawkish dot plot