NEW YORK, Sept. 18, 2013 /PRNewswire/ -- Roubini Global Economics (RGE), an independent, global macroeconomics and strategy research firm, highlights its out-of-consensus call that the U.S. Federal Reserve would not "taper" the pace of quantitative easing at its September policy meeting, an assessment confirmed by the Federal Open Market Committee (FOMC) in a statement today.  RGE first expressed this view at the beginning of the year, and the following key points from the FOMC's press release have now borne out our analysis:

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• "The tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market."
• "The Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases. Accordingly, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month."

"RGE made this call early in the year and has consistently updated and reiterated that same position to our clients. We are proud that this argument has helped drive their performance," said Scott Hall, Managing Director of Sales and Client Services. 

RGE clients can view the original report here: http://www.roubini.com/analysis/183601.php.

RGE's analysts strive to make informed, insightful calls on major market dynamics, often taking positions that are contrary to consensus.  Occupying a unique vantage point on markets, economics and policy, our approach combines systematic, quantitative analysis with qualitative evaluations of present conditions and likely future scenarios. If you would like to receive more information or trial our services, please visit Roubini.com.

About Roubini Global EconomicsRGE is an independent, global macroeconomic strategy research firm founded in 2004 by renowned economist Nouriel Roubini. RGE research translates global economic signals into practical macro-strategy insight for a wide range of financial and policy professionals. Our approach broadens our clients' understanding of global economies and markets by illustrating vulnerabilities and risks, giving them constructive frameworks for clarity and helping them to make more informed decisions. RGE is headquartered in New York with an office in London.

ContactPlease email rgepr@roubini.com, +1(212)6450010 with inquiries.  

SOURCE Roubini Global Economics

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