Gundlach on the Fed - Interest rates need to head higher

Jeff Gundlach on CNBC. Talking about the Federal Reserve. Hey, who isn't?

• Says the Fed capitulated to low growth
• The Fed will raise rates in December with WIRP in the 40s

(WIRP is a probability calculator for interest rates)

• Market sniffing out a pivot to fiscal stimulus
• Pivot to fiscal stimulus would be bond unfriendly
• 10yr will make it above 2% before the end of the year
• Interest rates need to head higher
• Seems clear Trump has momentum now