JPMorgan’s global economic research team just published note titled: “They will know I am the lord when I lay my vengeance on them.“

The quote comes from Ezekiel 25:17. It was popularized in “Pulp Fiction” by fictional hitman Jules Winnfield — portrayed by Samuel L. Jackson — who would recite the verse before dispatching his marks.

Led by Bruce Kasman, JPMorgan’s economics team employs the chilling language to characterize the Federal Reserve’s “decisively hawkish shift“ in the wake of recent hotter-than-expected inflation reports.

While the economy has been strong and massive tailwinds have provided a buffer to downside risks, the economists caution that “…resilience alone is not enough to deliver a return to above-potential growth in the coming quarters… With inflation pressures still building, however, the risks remain heavily skewed to the downside… Persistently high inflation also challenges our view that central banks remain forgiving deities.”