BRIEF-Doubleline Capital's Gundlach Says This Is One Of The Best Fed Decisions In A While - CNBC Interview

* DOUBLELINE CAPITAL'S GUNDLACH SAYS THIS IS ONE OF THE BEST FED DECISIONS IN A WHILE - CNBC INTERVIEW

* DOUBLELINE CAPITAL'S GUNDLACH SAYS ITS THE RIGHT THING TO NOT RAISE RATES * DOUBLELINE CAPITAL'S GUNDLACH SAYS WE HAVE A LOT OF CROSSCURRENTS IN THE ECONOMY

* DOUBLELINE CAPITAL'S GUNDLACH SAYS VERY PRUDENT FOR THE FED TO HAVE A "WAIT AND SEE" ATTITUDE * DOUBLELINE CAPITAL'S GUNDLACH SAYS PROBABILITY FOR RATE HIKES IS HIGHER THAN BEFORE RECENT OIL SPIKE

* DOUBLELINE CAPITAL'S GUNDLACH SAYS THE NARRATIVE IS GOING TO DEVELOP THAT THERE WON'T BE A HIKE IN NOVEMBER * DOUBLELINE CAPITAL'S GUNDLACH SAYS THE UNEMPLOYMENT RATE IS GOING TO GO HIGHER

* DOUBLELINE CAPITAL'S GUNDLACH SAYS THE ECONOMY COULD SLOW DOWN FAIRLY QUICKLY * DOUBLELINE CAPITAL'S GUNDLACH SAYS TREASURY BONDS ARE QUITE ATTRACTIVE AT THIS MOMENT

* DOUBLELINE CAPITAL'S GUNDLACH SAYS THE NEXT BOND RALLY WILL NOT LAST * DOUBLELINE CAPITAL'S GUNDLACH SAYS THINK WE ARE GETTING NEAR THE END OF THIS 10-YEAR RATE RISE

* DOUBLELINE CAPITAL'S GUNDLACH SAYS QUITE LIKELY THERE WILL BE RATE CUTS IN FIRST HALF OF NEXT YEAR * DOUBLELINE CAPITAL'S GUNDLACH SAYS THE EQUITY MARKET IS REALLY OVERVALUED VERSUS BOND MARKET

* DOUBLELINE CAPITAL'S GUNDLACH SAYS COULD MAKE A CASE TO BUILD A POSITION IN COMMODITIES