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Fed may need to be even more aggressive fighting inflation as U.S. household cash exceeds debt for first time in three decades, warns Deutsche Bank

Christine Idzelis | MarketWatch | Apr 20th, 2022
Category: Education

A hard landing will ultimately be unavoidable by late ‘23 / early ‘24 after an aggressive series of Fed hikes over the next 18 months,’ says Deutsche Bank’s Jim Reid

With U.S. households looking in good financial shape, the Federal Reserve may need to be even more aggressive raising interest rates to cool the economy and bring down high inflation, according to a research note from Deutsche Bank.

U.S. household cash “now exceeds debt for the first time in three decades with net debt collapsing to zero,” Jim Reid, head of thematic research at Deutsche Bank, said in an emailed note Wednesday. “The Fed may have to hike even more aggressively to slow consumer demand and curb price rises given their healthy balance sheets.”

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