Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Will the Ghosts of 1994 Return to Haunt the Fed and US Financial Markets?

Reaching Neutral Settings for Fed Policy: Littered With Pitfalls in Uncharted Territory

Financial Markets Demand Greater Clarity from the Fed About the Future Path of Interest Rates

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Fed credibility is on the line at this week's policy meeting. Globally, central banks eased too aggressively during the pandemic and were too slow undertaking remedial measures to fight inflation. </li>
<li>Central banks no longer encourage investors to embrace duration risk, but there are costs imparted to the banking system and the corporate sector via higher capital costs.     </li>
<li>Restoring US price stability requires time due to sticky service inflation, while future Fed credibility hinges critically on firm forward guidance being issued this week.  </li>
</ul>


Fed credibility is on the line at this week's policy meeting. Globally, central banks eased too aggressively during the pandemic and were too slow undertaking remedial measures to fight inflation. 
Central banks no longer encourage investors to embrace duration risk, but there are costs imparted to the banking system and the corporate sector via higher capital costs.     
Restoring US price stability requires time due to sticky service inflation, while future Fed credibility hinges critically on firm forward guidance being issued this week.  


Central Banks and Financial Markets: Time to Embrace Some Humility