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.

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The Fed raised the ante in fighting inflation. Financial markets remain wary of downside risks, while even the Swiss National Bank raised its policy rate to counter rising inflationary risks. </li>
<li>Financial fragmentation risks prevent the European Central Bank from engaging in Fed-style quantitative tightening, potentially prolonging higher inflation, while the Bank of England has been accused of being too timid. </li>
<li>Pressure on China and Japan to tighten policy has been mitigated by low inflation compared to Western economies. Currency movements depend on central banks' willingness  to replicate Fed policy.</li>
</ul>


The Fed raised the ante in fighting inflation. Financial markets remain wary of downside risks, while even the Swiss National Bank raised its policy rate to counter rising inflationary risks. 
Financial fragmentation risks prevent the European Central Bank from engaging in Fed-style quantitative tightening, potentially prolonging higher inflation, while the Bank of England has been accused of being too timid. 
Pressure on China and Japan to tighten policy has been mitigated by low inflation compared to Western economies. Currency movements depend on central banks' willingness  to replicate Fed policy.


Currency Strength: Becoming Fashionable in the West, Less So in Japan and China