Economist (US Macro), RDQ Economics

Conrad DeQuadros

Economist (US Macro)

RDQ Economics

RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.  
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Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
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The founders of RDQ Economics—John Ryding and Conrad DeQuadros—worked together on Wall Street for a decade, in the independent research space for nine years, and have experience in central banking at the Federal Reserve and the Bank of England.  John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.

Credit

<p>Anything other than a quarter-point hike to the fed funds target range on Wednesday would be a shock and market participants will likely be more focused on the Fed's updated economic projections and any forward guidance changes (given that this is where the greater uncertainty lies).  Recent hints by the Fed at possible communications policy changes at some point has caused some commentators to suggest U.S. monetary policy is getting close to neutral and the Fed might be getting ready to pause.  In our view, policy remains accommodative and it is unlikely that the Fed will signal that the hiking cycle is anywhere near coming to an end.  </p>

Anything other than a quarter-point hike to the fed funds target range on Wednesday would be a shock and market participants will likely be more focused on the Fed's updated economic projections and any forward guidance changes (given that this is where the greater uncertainty lies).  Recent hints by the Fed at possible communications policy changes at some point has caused some commentators to suggest U.S. monetary policy is getting close to neutral and the Fed might be getting ready to pause.  In our view, policy remains accommodative and it is unlikely that the Fed will signal that the hiking cycle is anywhere near coming to an end.  

A Fed Funds Rate Hike On Wednesday Still Leaves U.S. Monetary Policy Far From Neutral

US Treasury (10 Yr Generic)

A Fed Funds Rate Hike On Wednesday Still Leaves U.S. Monetary Policy Far From Neutral