Federal Reserve's Quarter Point Hike Criticized by Jeff Gundlach

Jeff Gundlach, founder of DoubleLine, suggested that the Federal Reserve should have increased rates by half a point rather than just a quarter on Wednesday. He noted that the 2-year Treasury rate was more than 100 basis points above the Fed funds rate and highlighted a 7 basis point increase in the 2-year U.S. Treasury yield during trading. Gundlach expressed concern that inflation issues may not be adequately addressed. This critique comes at a time when the Dow Jones Industrial Average fell by 700 points following the Fed's decision, indicating potential market volatility ahead for investors.