Jeffrey Gundlach, CEO and CIO of DoubleLine Capital, expressed skepticism about the Federal Reserve raising interest rates next week during his latest webcast. He anticipates a significant rise in long-term rates if the Fed holds steady. Gundlach also noted the striking similarities between current inflation trends and those of the 1970s, highlighted that credit spreads for AI-related corporate bonds have nearly doubled, and described U.S. equity valuations as "as expensive as a hotel mini-bar—there are no bargains."