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 Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Financial markets are finally dancing to the tune of the Fed. Unless price pressures ease significantly in Q4, real interest rates may not rise sufficiently to restrain the economy. </li>
<li>Potential GDP growth has slowed since 2000 which has lowered the neutral federal funds rate. Financial assets have not reflected this outcome due to unprecedented support from the Fed.</li>
<li>The Fed is confident about restoring price stability. Supply-side forces will play an important role in determining inflation. Labour shortages and higher federal government borrowing will steepen the yield curve. </li>
</ul>


Financial markets are finally dancing to the tune of the Fed. Unless price pressures ease significantly in Q4, real interest rates may not rise sufficiently to restrain the economy. 
Potential GDP growth has slowed since 2000 which has lowered the neutral federal funds rate. Financial assets have not reflected this outcome due to unprecedented support from the Fed.
The Fed is confident about restoring price stability. Supply-side forces will play an important role in determining inflation. Labour shortages and higher federal government borrowing will steepen the yield curve. 


Looming Structural Pressures Suggest Fed's Anti-Inflation Battle Could Be Prolonged