Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 34 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

Unambiguously Hawkish Powell to Trigger Higher Yields and a Stronger Dollar

Fed Chairman Powell's First Humphrey Hawkins Testimony

Volatility's Return and the Rising Risk of Policy Error

REAL-Economics.com

Macroeconomics

<p><strong>FOMC is likely to be concerned by the clear upward spurt in core inflation.</strong> The FOMC (Federal Open Market Committee) is meeting hot on the heels of most inflation gauges breaching the Fed's oft-stated inflation target of 2% YoY. While the Fed has formally targeted the core PCE deflator, it also pays attention to the headline PCE deflator. The latter breached the 2% mark in March 2018 (rising by 2.01% YoY), while the core PCE deflator rose 1.9% (1.88% to be precise) YoY in March 2018, getting…</p>

FOMC is likely to be concerned by the clear upward spurt in core inflation. The FOMC (Federal Open Market Committee) is meeting hot on the heels of most inflation gauges breaching the Fed's oft-stated inflation target of 2% YoY. While the Fed has formally targeted the core PCE deflator, it also pays attention to the headline PCE deflator. The latter breached the 2% mark in March 2018 (rising by 2.01% YoY), while the core PCE deflator rose 1.9% (1.88% to be precise) YoY in March 2018, getting…

With the Inflation Target Breached, Can the Fed Postpone Signalling Faster Rate Hikes?