Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Alex Ng is the founder and head of research of the economic and investment research house Fortress Hill Advisors. Prior to founding Fortress Hill Advisors, he worked as an economic research analyst across government, academic, and financial institutes including the Hong Kong Financial Secretary’s Office (Office of the Government Economist), Economic Research Center of the Institute of Asia-Pacific Studies at CUHK, and State Street Global Markets. Alex holds a Master of Arts in Economics degree from Columbia University in the City of New York and a Bachelor of Arts in Economics and Mathematics from Wesleyan University (CT, USA).

Our firm's expertise lies in macroeconomics, global macro,  global thematic research, company and equity research, multi-asset strategy, event driven, and ESG.

We also do proprietary trading on the firm's capital, to try to vindicate our investment thesis. Our flagship publication, Heard from Fortress Hill (HFFH) provides our weekly market observations and is freely available on our website: https://fortresshill-advisors.com/hffh/

Founder & Head of Research

FOMC Preview for September 18: An One-Time Easing

US Rates Strategy: July CPI, Jackson Hole, and Jittery markets

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

Premium Economic & Investment Research

Cross Asset Strategy

United kingdom & United states / Cross Asset Strategy

<ul>
<li>Fed likely ease by more than the ECB and BOE by June 2025, given pro-activeness from the Fed and also big gap in the current policy rates. </li>
<li>We see 175bps of cuts by end June 2025.  ECB hawks however are unlikely to reach a consensus on the 21 person governing council from delivering consistent quarterly 25bps rate cuts.</li>
<li>Finally, we see the view on the BOE MPC shifting, as disinflation proves to be greater than the BOE consensus.  </li>
</ul>


Fed likely ease by more than the ECB and BOE by June 2025, given pro-activeness from the Fed and also big gap in the current policy rates. 
We see 175bps of cuts by end June 2025.  ECB hawks however are unlikely to reach a consensus on the 21 person governing council from delivering consistent quarterly 25bps rate cuts.
Finally, we see the view on the BOE MPC shifting, as disinflation proves to be greater than the BOE consensus.  


Fed More Dovish Than ECB and BOE