31 Jan 2019

Sharemarket rollercoaster - what's going on?

From Afternoons, 1:20 pm on 31 January 2019

Many people have noticed their kiwisaver balances have taken a hit in recent months. Share markets have had a roller coaster ride driven by rising interest rates, Brexit, trade tensions between the US and china, the US government shutdown and fears of a recession..

But the markets took off with a hiss and a roar this morning after the latest statement from the US Federal Reserve.  But will it last ?

RNZ's Business Editor Gyles Beckford explains what has happened.

The US Federal Reserve seal. AFP PHOTO/BRENDAN SMIALOWSKI

The US Federal Reserve seal Photo: AFP