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.

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The Fed has been a political institution since its inception, while its responsibilities have been changed over time.  Political pressure on the Fed is counter-cyclical will always prevail this way.</li>
<li>Markets have become decidedly more dovish about the Fed's policy conduct as the presidential election approaches, effectively raising the ante on the Federal Open Market Committee. </li>
<li>President Trump wishes the federal funds rate to remain unchanged until the election, but the current FOMC membership suggests at least one policy rate cut this year. </li>
</ul>


The Fed has been a political institution since its inception, while its responsibilities have been changed over time.  Political pressure on the Fed is counter-cyclical will always prevail this way.
Markets have become decidedly more dovish about the Fed's policy conduct as the presidential election approaches, effectively raising the ante on the Federal Open Market Committee. 
President Trump wishes the federal funds rate to remain unchanged until the election, but the current FOMC membership suggests at least one policy rate cut this year. 


The Fed: A Political Institution Prepares Financial Markets for Lower Interest Rates