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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Financial Markets Demand Greater Clarity from the Fed About the Future Path of Interest Rates

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Fed Unperturbed by Equity Market Declines as Housing Cushions the Blow to Households' Net Worth

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>St. Louis Fed President Bullard believes that US monetary policy requires much more aggressive tightening in 2022, particularly given that pipeline inflation pressures remain worryingly elevated.</li>
<li>Gradualism has been favoured by the Fed since 1994 when unexpectedly aggressive policy tightening wreaked havoc on US financial markets after a prolonged period of low interest rates. </li>
<li>The Fed is having to play catch-up, analogous to 1994, while US equities are more vulnerable to a 1994-style policy repeat due to growth stock leadership in benchmarks indices. </li>
</ul>


St. Louis Fed President Bullard believes that US monetary policy requires much more aggressive tightening in 2022, particularly given that pipeline inflation pressures remain worryingly elevated.
Gradualism has been favoured by the Fed since 1994 when unexpectedly aggressive policy tightening wreaked havoc on US financial markets after a prolonged period of low interest rates. 
The Fed is having to play catch-up, analogous to 1994, while US equities are more vulnerable to a 1994-style policy repeat due to growth stock leadership in benchmarks indices. 


Will the Ghosts of 1994 Return to Haunt the Fed and US Financial Markets?