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.

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Fed Still Intent on Lowering Policy Rate Despite Inflation Uncertainties

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Financial markets are discounting more aggressive Fed easing in 2024 than is currently being embraced by forward guidance, suggesting recession fears have not been totally extinguished.</li>
<li>Courtesy of the Great Moderation, monetary policy gradualism remains intact, while markets are discounting a 50 basis point reduction in the federal funds rate after the presidential election.</li>
<li>The outcome of the presidential election could impact Fed policy in 2025, as both contenders are embracing economic policies that will structurally boost inflation in varying degrees.</li>
</ul>


Financial markets are discounting more aggressive Fed easing in 2024 than is currently being embraced by forward guidance, suggesting recession fears have not been totally extinguished.
Courtesy of the Great Moderation, monetary policy gradualism remains intact, while markets are discounting a 50 basis point reduction in the federal funds rate after the presidential election.
The outcome of the presidential election could impact Fed policy in 2025, as both contenders are embracing economic policies that will structurally boost inflation in varying degrees.


US Financial Markets: Getting Too Optimistic About Easier Fed Policy?