The sudden shift that should have all of us worried about the global economy

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The markets’ responses to the latest US Federal Reserve Board’s interest rate and balance sheet decisions were telling.

  • Stephen Bartholomeusz
  • Brisbane Times

The immediate reaction of the share market was to mark stocks up, before a more considered assessment sent them back down.

Bond rates eased and the US dollar slid against its major trading partners’ currencies.

The nature of the Fed’s announcements – a majority of the members of its Open Market Committee expect no rate increases this year and the Fed plans to end the shrinking of its balance sheet by the…

Instead the Dow Jones index ended more than…

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