Thomas Lam

Tom has over two decades of experience in the realm of economics and finance, with expertise ranging from covering the global economy, deciphering financial markets, including macro forecasting, to advising on investment strategy. He commenced his career in New York, initially at a large money-center bank and then at a hedge fund. Thereafter, while in Singapore, he worked at two financial institutions and later joined academia. Tom has been consistently ranked among the top five most accurate economists in the world on forecasting the US economy overall (placed third, last published by the “Bloomberg Rankings of Top Forecasters”). During the Global Financial Crisis, he was also acknowledged as the second-best US forecaster worldwide. Moreover, he was exclusively identified by Bloo...

Thomas Lam
Independent Economist, Forecaster and Strategist

The Latest CPI Release Teases Markets

The April CPI inflation data, while improving market risk appetite, fails to resolve the continuing debate on the Fed and balance of risks...

Thomas Lam

The Art and Science of Data Dependence

The latest data tug-of-war, though relatively murky and uneven, implies emerging hints of less forward momentum with patches of softness.

Thomas Lam

Fed Snap (May 1 Meeting): Current & Future Takeaways

The Federal Open Market Committee deliberates, while Chair Powell buys time, as financial markets move back-and-forth anxiously.

Thomas Lam

Tracking & Nowcasting G3 GDP

Routinely, I update my G3 (US, Japan and Euro Area) real GDP nowcasts for the first-half of this year in view of the latest available inputs.

Thomas Lam

Inflation Preoccupation

The gap between CPI and PCE inflation, which is larger than the historical average, can further convolute the ongoing debate in the US.

Thomas Lam