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Fed must spend up to stop markets going into tailspin
Central bankers would like to be able to get back to business as usual.
Stocks slide overnight as China hikes rates
Stocks in Europe and the US slid as China unexpectedly increased its benchmark interest rate and after Apple's earnings forecast fell short of some expectations.
Sigh of relief on Wall St overnight
Shares on Wall St advanced overnight, helped by better-than-expected results from Citigroup and expectations the Federal Reserve would further ease monetary policy.