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 Monetary Policy Easing Cycle: Nuanced Challenges Across Jurisdictions

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The outlook for global liquidity in H2 depends on the willingness of the Fed to lower its policy rate based on data dependency.</li>
<li>The Bank of Canada reduced its policy rate by 25 basis points this week, offering forward guidance for further cuts, but the European Central Bank was not offering such assurances. </li>
<li>US quantitative tightening was not causing a scarcity of reserves in the banking system, according to the latest Senior Financial Officer Survey, making cessation dependent on the real economy.</li>
</ul>


The outlook for global liquidity in H2 depends on the willingness of the Fed to lower its policy rate based on data dependency.
The Bank of Canada reduced its policy rate by 25 basis points this week, offering forward guidance for further cuts, but the European Central Bank was not offering such assurances. 
US quantitative tightening was not causing a scarcity of reserves in the banking system, according to the latest Senior Financial Officer Survey, making cessation dependent on the real economy.


Positive Outlook for Global Liquidity Despite Lingering Fed Policy Uncertainties