The worm is turning just as the fed is signaling that they are done messing around. Autos are about to get schwacked.
BoFA, Citi expect multiple 50-bps Fed hikes this year as inflation bites
Bank of America (BofA) and Citi have joined a small but growing number of top investment banks calling for more aggressive interest rate increases from the U.S. Federal Reserve against a backdrop of soaring inflation data and hawkish comments from policymakers.
www.reuters.com