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>Monetary policy conduct in Western economies is still dominated by inflation considerations, particularly tight labour markets. Strong demand for services makes it difficult for central banks to lower policy rates.</li>
<li>Tight labour markets are no longer regarded by central banks as being compatible with price stability. Labour hoarding will slow disinflation, making it more difficult to quickly reduce policy rates. </li>
<li>Central banks are reviewing their estimates of their neutral policy rates due to the different inflationary backdrop. Various factors suggest that higher neutral policy rates for a considerable period.</li>
</ul>


Monetary policy conduct in Western economies is still dominated by inflation considerations, particularly tight labour markets. Strong demand for services makes it difficult for central banks to lower policy rates.
Tight labour markets are no longer regarded by central banks as being compatible with price stability. Labour hoarding will slow disinflation, making it more difficult to quickly reduce policy rates. 
Central banks are reviewing their estimates of their neutral policy rates due to the different inflationary backdrop. Various factors suggest that higher neutral policy rates for a considerable period.


Global Monetary Policy Outlook: Bracing for an Asymmetric Policy Rate Path