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.

A Equity Sell-Off? Prospects For Global Liquidity in 2022

Rally into Mid December - SPX Pivot the Defining Line

Inflation Dominates Economic and Financial Market Risks for 2022 as Policymakers Face Tough Choices

Fed's Transient Inflation Thesis Facing Numerous Tests as Role of Excess Demand Downplayed

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The outlook for Fed policy could be driven off course by the progress of the omicron variant of COVID-19 in the US and, consequently, measures to curb rising infection rates.</li>
<li>Current economic conditions justify faster tapering of asset purchases by the Fed in 2022 that could also bring forward the timing of the first increase in the federal funds rate. </li>
<li>Crucially, inflation could become stickier if future private sector contracts begin to encompass expectations of rising prices that could ultimately trigger a policy mistake by the Fed.  </li>
</ul>


The outlook for Fed policy could be driven off course by the progress of the omicron variant of COVID-19 in the US and, consequently, measures to curb rising infection rates.
Current economic conditions justify faster tapering of asset purchases by the Fed in 2022 that could also bring forward the timing of the first increase in the federal funds rate. 
Crucially, inflation could become stickier if future private sector contracts begin to encompass expectations of rising prices that could ultimately trigger a policy mistake by the Fed.  


Fed's Inflation Credibility: Facing the Sternest of Tests in 2022 as Inflationary Psychology Rises