DB: The Fed Has Done Enough!

One mega-bank believes that policy normalization performed by the Fed should now slow “The Fed has probably done enough on normalization for now and should take a well-earned break! The fact that they won’t yet, informs our strategy: stick with the risk off.” — DB analyst Dominic Konstam. The US Federal Reserve’s efforts to normalize monetary policy have gone far enough, and the central bank should now take a holiday as markets cool down, that’s the view of Deutsche Bank’s global markets research analyst Dominic Konstam. In a report published over the weekend, Konstam notes that, according to the Fed’s forecasts, the…