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.

Fed Cuts Policy Rate to Mitigate Rising Unemployment Risks, but Retains Cautious 2026 Guidance

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The federal government shutdown is limiting the Fed's ability to assess underlying economic conditions, but two further 25 basis point policy rate reductions are expected in 2025.</li>
<li>Commentary offered by large banks during the early Q3 financial results reporting season suggests that consumers continue to tick along in an economy characterised by low hiring and firing rates.</li>
<li>Delinquencies in the subprime automotive loans have raised concerns about credit in other sectors. Financial conditions have eased since the Fed scrapped the asset cap on Wells Fargo in June.</li>
</ul>


The federal government shutdown is limiting the Fed's ability to assess underlying economic conditions, but two further 25 basis point policy rate reductions are expected in 2025.
Commentary offered by large banks during the early Q3 financial results reporting season suggests that consumers continue to tick along in an economy characterised by low hiring and firing rates.
Delinquencies in the subprime automotive loans have raised concerns about credit in other sectors. Financial conditions have eased since the Fed scrapped the asset cap on Wells Fargo in June.


Data Loss Will Not Stop Fed Easing as Low Hiring and Firing Takes Grip on Economy