Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Alex Ng is the founder and head of research of the economic and investment research house Fortress Hill Advisors. Prior to founding Fortress Hill Advisors, he worked as an economic research analyst across government, academic, and financial institutes including the Hong Kong Financial Secretary’s Office (Office of the Government Economist), Economic Research Center of the Institute of Asia-Pacific Studies at CUHK, and State Street Global Markets. Alex holds a Master of Arts in Economics degree from Columbia University in the City of New York and a Bachelor of Arts in Economics and Mathematics from Wesleyan University (CT, USA).

Our firm's expertise lies in macroeconomics, global macro,  global thematic research, company and equity research, multi-asset strategy, event driven, and ESG.

We also do proprietary trading on the firm's capital, to try to vindicate our investment thesis. Our flagship publication, Heard from Fortress Hill (HFFH) provides our weekly market observations and is freely available on our website: https://fortresshill-advisors.com/hffh/

Founder & Head of Research

US Inflation Watch: Disinflation scare or relief?

Preview: Due September 11 - U.S. August CPI - Subdued

US CPI Watch: The old culprits are back, but the report is soft enough for the Fed to cut

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<ul>
<li>August core CPI has disappointed to the upside with a 0.3% rise ex food and energy with the rise being 0.28% before rounding, a four month high.</li>
<li>Overall CPI rose by 0.2% as expected, and by 0.19% before rounding. The data is likely to ensure that the FOMC eases by only 25bps in September.</li>
<li>Shelter and air fares were the most obvious contributors to the upside surprise in the core rate.</li>
</ul>


August core CPI has disappointed to the upside with a 0.3% rise ex food and energy with the rise being 0.28% before rounding, a four month high.
Overall CPI rose by 0.2% as expected, and by 0.19% before rounding. The data is likely to ensure that the FOMC eases by only 25bps in September.
Shelter and air fares were the most obvious contributors to the upside surprise in the core rate.


U.S. August CPI - Core at a Four-Month High Led by Shelter and Air Fares