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.

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Hawkish Fed Faces New Challenge as US Treasury Examines Ways to Improve Market Liquidity

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The most significant feature of the recently signed debt ceiling compromise is the pending resumption of government- guaranteed student loan payments that have been suspended since March 2020.</li>
<li>Compromise debt ceiling agreement gives the Treasury a green light to replenish its General Account balance at the Fed, thereby incurring implications for financial markets and the banking system.</li>
<li>Real economic activity remains resilient despite hype of tighter Fed policy, while financial conditions are not particularly tight and have eased since the concerns about the banking system in March.</li>
</ul>


The most significant feature of the recently signed debt ceiling compromise is the pending resumption of government- guaranteed student loan payments that have been suspended since March 2020.
Compromise debt ceiling agreement gives the Treasury a green light to replenish its General Account balance at the Fed, thereby incurring implications for financial markets and the banking system.
Real economic activity remains resilient despite hype of tighter Fed policy, while financial conditions are not particularly tight and have eased since the concerns about the banking system in March.


Debt Ceiling Deal Means Fed Has Less Control Over US Financial Conditions