Independent Economist, Forecaster and Strategist

Thomas Lam

Tom has over two decades of experience in the realm of economics and finance, with expertise ranging from covering the global economy, deciphering financial markets, including macro forecasting, to advising on investment strategy.

He commenced his career in New York, initially at a large money-center bank and then at a hedge fund.  Thereafter, while in Singapore, he worked at two financial institutions and later joined academia.  

Tom has been consistently ranked among the top five most accurate economists in the world on forecasting the US economy overall (placed third, last published by the “Bloomberg Rankings of Top Forecasters”).  During the Global Financial Crisis, he was also acknowledged as the second-best US forecaster worldwide.  

Moreover, he was exclusively identified by Bloomberg to have accurately predicted the onset of the 2009 US recovery 16 months ahead of the official announcement.  Consequently, he has been widely publicized as one of “Wall Street’s Most Prophetic Economists”.

Fed Snap (May 1 Meeting): Current & Future Takeaways

Macroeconomics

<ul>
<li>The April CPI release, though market friendly, did not change the overall message  </li>
<li>The key message that inflation is still above the Fed’s goal and that the level of trend inflation is uncertain remains unchanged  </li>
<li>Although market-based expectations for a rate cut improved after the CPI data, the odds of potential Fed action are unsettled   </li>
</ul>


The April CPI release, though market friendly, did not change the overall message  
The key message that inflation is still above the Fed’s goal and that the level of trend inflation is uncertain remains unchanged  
Although market-based expectations for a rate cut improved after the CPI data, the odds of potential Fed action are unsettled   


The Latest CPI Release Teases Markets