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 Supply Chains: Pressures Ease in 2022, but Geopolitical Forces Will Shape Their Future

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The better-than-expected October US consumer prices release has imparted hope in financial markets of a looming turning point in the conduct of US monetary policy. </li>
<li>History suggests the yield curve inversion since July indicates the onset of recession in 2023 H2, by which time the Fed should have an ample buffer to reduce interest rates. </li>
<li>The proponents of a higher Fed inflation target argue that the costs to the real economy of dogmatically pursuing a 2% goal are excessively high due to supply-side forces. </li>
</ul>


The better-than-expected October US consumer prices release has imparted hope in financial markets of a looming turning point in the conduct of US monetary policy. 
History suggests the yield curve inversion since July indicates the onset of recession in 2023 H2, by which time the Fed should have an ample buffer to reduce interest rates. 
The proponents of a higher Fed inflation target argue that the costs to the real economy of dogmatically pursuing a 2% goal are excessively high due to supply-side forces. 


Fed Policy Outlook: Looming Pivot and a Higher Inflation Target?