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.

Reaching Neutral Settings for Fed Policy: Littered With Pitfalls in Uncharted Territory

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

Hawkish Fed in 2022: Boosting the Importance of Stock Picking as Valuations Receive Less Support

Fed’s Hawkish Pivot: Heavily Dependent on Economic Outcomes Matching Forecasts

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

Chicago Board Options Exchange Volatility Index (VIX INDEX)

Chicago Board Options Exchange Volatility Index

<ul>
<li>Investors want greater clarity about the future path of US interest rates. The Fed missed the opportunity to provide this information this week, sowing the seeds for financial market volatility. </li>
<li>Choppy growth due to the omicron COVID-19 variant and high inflation stoke stagflation fears. The bond market is convinced that COVID-19 will not distract the Fed from tightening policy.</li>
<li>Many of today's equity investors have not experienced a Fed tightening cycle due to rising inflation, thereby rendering their hopes of another Fed Put as being unrealistic. </li>
</ul>


Investors want greater clarity about the future path of US interest rates. The Fed missed the opportunity to provide this information this week, sowing the seeds for financial market volatility. 
Choppy growth due to the omicron COVID-19 variant and high inflation stoke stagflation fears. The bond market is convinced that COVID-19 will not distract the Fed from tightening policy.
Many of today's equity investors have not experienced a Fed tightening cycle due to rising inflation, thereby rendering their hopes of another Fed Put as being unrealistic. 


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