As central banks surprise, Fed may have to throw in the towel

he surprises coming out of the Swiss National Bank, the European Central Bank, the Bank of England and the Bank of Canada spell tectonic shifts occurring in the global economy that inevitably will hit these shores.
The Swiss of course unearthed the biggest surprise last week, by ending their policy of buying up euros, but on Wednesday there were at least three further surprises as well.
The surprises started as Bank of England minutes revealed that two hawks no longer supported rate hikes. That’s particularly newsworthy as the U.K. economy, along with the U.S., has been one of the strongest performers of industrialized nations.
Then came news leaks on the European Central Bank’s quantitative easing plans. That the ECB is about to start buying bonds is not a surprise, but the reports that they’ll do so each month is. While some in the market may be disappointed the headline size of 50 billion euros per month is not blockbuster, an open-ended campaign makes it easier for the ECB to continue the purchases and ramp them up.

http://www.marketwatch.com/story/as-central-banks-surprise-fed-may-have-to-throw-in-the-towel-2015-01-21?siteid=yhoof2