DoubleLine's Gundlach says the Fed looks like Mr. Magoo, focuses too much on 'short-termism'
1. Gundlach criticizes Fed for short-term reaction to data. 2. CPI rose 0.4%, annual inflation at 2.9%; core CPI lower than expected. 3. Market's expectation shifted to just one Fed rate cut in 2025. 4. Fed projected two quarter-point cuts for 2025, fewer than expected. 5. Current monetary policy indicates slowing changes by the Fed.