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.

Asia’s Financial Stability Holds Up in Tough Times

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The Fed's decision not to raise the federal funds rate is not expected to presage a prolonged break, particularly if the real economy and inflation remain resilient.</li>
<li>Guidance towards further increases in the Fed's policy rate could reflect greater confidence by members about the outlook for the banking system and the availability of credit.</li>
<li>Companies have preserved operating margins via higher selling prices. Lower inflation will necessitate a compression in profitability.  Housing stabilisation and buoyant US equity prices suggest Fed policy is not tight. </li>
</ul>


The Fed's decision not to raise the federal funds rate is not expected to presage a prolonged break, particularly if the real economy and inflation remain resilient.
Guidance towards further increases in the Fed's policy rate could reflect greater confidence by members about the outlook for the banking system and the availability of credit.
Companies have preserved operating margins via higher selling prices. Lower inflation will necessitate a compression in profitability.  Housing stabilisation and buoyant US equity prices suggest Fed policy is not tight. 


Modern Monetary Policy Conduct: Pausing Becomes Fashionable Despite Sticky Inflation