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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Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Lower inflationary expectations will raise the ante on the Fed to reduce nominal interest rates to avoid an unintended policy tightening via a rise in inflation-adjusted measures.</li>
<li>There are significant differences in the formulation of inflationary expectations between the corporate sector and financial markets. Survey-based measures of inflationary amongst households remain higher than the Fed's 2% target.</li>
<li>The ability of the Fed to aggressively lower the federal funds rate will depend on the FOMC's assessment of the neutral policy rate and future service sector inflation trends. </li>
</ul>


Lower inflationary expectations will raise the ante on the Fed to reduce nominal interest rates to avoid an unintended policy tightening via a rise in inflation-adjusted measures.
There are significant differences in the formulation of inflationary expectations between the corporate sector and financial markets. Survey-based measures of inflationary amongst households remain higher than the Fed's 2% target.
The ability of the Fed to aggressively lower the federal funds rate will depend on the FOMC's assessment of the neutral policy rate and future service sector inflation trends. 


Inflationary Expectations and Service Sector Inflation: Crucial to Fed Interest Rate Reductions