Factbox: Wall Street sees gray skies ahead for equities as Fed tightens policy

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A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri

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June 21 (Reuters) - With inflation in the United States running at levels not seen in four decades, market participants worry the Federal Reserve will need to be overly aggressive with rate hikes to cool price rises, which might end up tipping the economy over into a recession.

These concerns have led to a rout in U.S. equities in recent months, and prompted banks to roll out bearish forecasts.

Here are some estimates from major banks on the possibility of a recession in the United States:

Source: Research notes from banks, *media reports

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Reporting by Niket Nishant and Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri and Amy Caren Daniel

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