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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Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Plausible Fed policy involves two increases of 75 basis points at the next two policy meetings and 25 basis points in September. Subsequent moves will be determined by incoming data.  </li>
<li>The emergence of rising service sector inflation will make a rapid return to price stability in H2 more difficult to achieve, notwithstanding the persistence of labour shortages. </li>
<li>Forward guidance is in uncharted territory during the current tightening cycle. Hitherto, investors have believed the Fed will stay the course as evidenced by tighter financial conditions. </li>
</ul>


Plausible Fed policy involves two increases of 75 basis points at the next two policy meetings and 25 basis points in September. Subsequent moves will be determined by incoming data.  
The emergence of rising service sector inflation will make a rapid return to price stability in H2 more difficult to achieve, notwithstanding the persistence of labour shortages. 
Forward guidance is in uncharted territory during the current tightening cycle. Hitherto, investors have believed the Fed will stay the course as evidenced by tighter financial conditions. 


Hawkish Fed Policy Outlook Returns to Haunt Markets as Future Measures Seek to Cool Labour Demand