'Bond King' Jeffrey Gundlach warns of jumbo rate hikes because the US economy is too hot

• Billionaire investor Jeffrey Gundlach says the Fed is "very likely" to raise interest rates by 50 basis points at its next meeting. 
• The "Bond King" pointed to a strong US economy that could trigger an acceleration in inflation again. 
• Fed chief Jerome Powell opened the door to the possibility of higher rates in a hawkish testimony on Tuesday. 

Billionaire investor Jeffrey Gundlach has warned its "very likely" the Federal Reserve will go for outsized interest-rate increases as the US economy remains too hot.