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.

U.S. Government Debt and Deficit––– Does It Matter?

Second Trump Presidency: Growth Focus Will Support Equities, but Challenge the Fed

Fed to Face Accusations of Political Bias as Baseline Policy Outlook Shifts

Fed Sees Economy Cooling as Leading Indicators Also Suggest Softer Looming Trend

Future US Productivity Growth: Crucial for Disinflation, Fed Policy Conduct, and Corporate Profits

Fed Still Intent on Lowering Policy Rate Despite Inflation Uncertainties

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Fed policy is now at a critical juncture as data dependency dictates the speed of interest rate reductions. Current data indicates the US economy still has respectable momentum.</li>
<li>Continued high levels of borrowing by the US Treasury could "crowd out" private sector investment. Toxic politics is boosting economic uncertainty, negatively impacting animal spirits and prospective returns on investment.</li>
<li>There is no evidence of manufacturing onshoring boosting activity or capacity growth. The service and manufacturing sectors will remain range bound until political uncertainty is resolved after November's US elections.</li>
</ul>


Fed policy is now at a critical juncture as data dependency dictates the speed of interest rate reductions. Current data indicates the US economy still has respectable momentum.
Continued high levels of borrowing by the US Treasury could "crowd out" private sector investment. Toxic politics is boosting economic uncertainty, negatively impacting animal spirits and prospective returns on investment.
There is no evidence of manufacturing onshoring boosting activity or capacity growth. The service and manufacturing sectors will remain range bound until political uncertainty is resolved after November's US elections.


US Political Backdrop Keeps Economy Range Bound Despite Dovish Fed Pivot