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.

Strong Labour Market Challenges Fed, as Risk Capital Outlook Rests on Rapid Inflation Decline

Fed Policy Outlook: Markets Face a Summer Tug of War Between Inflation and Growth Fears

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Economic management by Fed due to divided government has been bullishly construed since the 1980s, but this view hinges on whether the Fed undertakes necessary measures to restore price stability.</li>
<li>Higher uncertainty about the economic and inflation outlooks will be reflected in investors demanding a higher term premium in US Treasuries compared to recent times.</li>
<li>Significant economic costs could be imposed on the US economy to cool inflation because the easing of fiscal policy during the pandemic period was the largest in peacetime history.</li>
</ul>


Economic management by Fed due to divided government has been bullishly construed since the 1980s, but this view hinges on whether the Fed undertakes necessary measures to restore price stability.
Higher uncertainty about the economic and inflation outlooks will be reflected in investors demanding a higher term premium in US Treasuries compared to recent times.
Significant economic costs could be imposed on the US economy to cool inflation because the easing of fiscal policy during the pandemic period was the largest in peacetime history.


US Economic Management Under Divided Government: Is the Fed Still Capable ?