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

FOMC Waits; Despite Politics, 3 Rate Cuts Are Likely This Year as Inflation Abates

Japan: Normalizing Interest Rates as Nominal GDP Surges, Ending Deflation Era

US FOMC Projections Too Pessimistic; Two Rate Cuts Likely in 2024 as Inflation Abates

US: Receding Inflation Has Put 3 Rate Cuts Back in Play for 2024

Non-Consensus Forecast: No Fed Rate Cut This Year

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

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Macroeconomics

<ul>
<li>The FOMC statement made fairly subtle changes to the language on inflation, with more significant dovish shifts made in the language on employment.</li>
<li>Fed is not willing to signal that a September easing is a done deal. However the tone of Jerome Powell’s press conference was generally optimistic, suggesting a likely September move.</li>
<li>Our house believe that there will be an one-off rate cut in September but unlikely a series of rate cuts in coming months, as inflation and employment are easily aroused.</li>
</ul>


The FOMC statement made fairly subtle changes to the language on inflation, with more significant dovish shifts made in the language on employment.
Fed is not willing to signal that a September easing is a done deal. However the tone of Jerome Powell’s press conference was generally optimistic, suggesting a likely September move.
Our house believe that there will be an one-off rate cut in September but unlikely a series of rate cuts in coming months, as inflation and employment are easily aroused.


Unsurprising FOMC July Statement