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>Financial markets were recently frightened by the spectre of President Trump replacing Fed Chairman Powell before his term expires, but the era of peak Fed credibility has elapsed.</li>
<li>President Trump's criticism of the Fed has some validity. The nexus between the Fed and the Treasury during Biden administration became tighter, thereby helping to facilitate profligate fiscal policy conduct.</li>
<li>The Fed will not offer updated forward guidance until June, but markets are discounting three policy rate reductions in 2025. </li>
</ul>


Financial markets were recently frightened by the spectre of President Trump replacing Fed Chairman Powell before his term expires, but the era of peak Fed credibility has elapsed.
President Trump's criticism of the Fed has some validity. The nexus between the Fed and the Treasury during Biden administration became tighter, thereby helping to facilitate profligate fiscal policy conduct.
The Fed will not offer updated forward guidance until June, but markets are discounting three policy rate reductions in 2025. 


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