Deutsche Bank forecasting a significant recession in the US, Fed hikes as high as 6%

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)