FOMC to Monitor Money Velocity and Inflationary Expectations Trends After “Live†March Meeting
Market-based probabilities for an increase in the federal funds rate in March have increased due to more hawkish rhetoric from FOMC participants and members since the beginning of the month. Fed Chair Yellen believes monetary accommodation has been greater than originally envisaged and some removal is now warranted, irrespective of any easing in fiscal policy.
Despite its collapse during the current expansion, the Fed will closely monitor money velocity to gauge prospective inflation risks. Meanwhile, any future deterioration in survey-based measures of inflationary expectations, additionally confirmed by financial market measures, will provoke a hawkish policy response by the FOMC.
DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the intention of delivering independent global macro investment insights and new thematic long-term ideas to investors, along with an agnostic opinion of the markets.
Said DeSaque has over 29 years of experience working as a professional economist in financial services, primarily based in London. His working role has involved extensive travel around the world, bringing him into contact with investors of different cultural backgrounds and investment requirements. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist and Investment Strategist at US banks Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he became Head of the London Economics Department in 1996. This role allowed him to engage with senior investment professionals, alongside regulators and provided a unique perspective of market intelligence at work.
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