Deutsche Bank

  • Fed likely to pursue the most aggressive monetary tightening since the 1980s
  • “We assume conservatively that a Fed funds rate moving well into the 5% to 6% range"
  • “the monetary-tightening process will be bolstered by Fed balance-sheet reduction, which our U.S. economics team estimates will be equivalent to a couple additional 25 basis-point rate hikes.”

This

  • “will push the economy into a significant recession by late next year,”

info via Bloomberg (gated)

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