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 bank is set to hike rates once again during December of this year, after starting its balance sheet reduction efforts...