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![Fed must spend up to stop markets going into tailspin](/pf/resources/images/placeholders/placeholder_l.png?d=793)
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](/pf/resources/images/placeholders/placeholder_l.png?d=793)
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.
![Aussie dollar hits parity with US](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Aussie dollar hits parity with US
The Australian dollar has finally hit parity with the US dollar.
![<i>Liam Dann</i>: Feel the excitement as aussie rises](/pf/resources/images/placeholders/placeholder_l.png?d=793)
<i>Liam Dann</i>: Feel the excitement as aussie rises
Waiting for that magic moment when one Australian dollar can buy one US dollar has assumed a symbolic importance.
![Tame inflation may show high dollar is doing Bollard's work](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Tame inflation may show high dollar is doing Bollard's work
New Zealand probably recorded the tamest inflation in a decade in the third quarter, helped by a tepid economy and a rapidly appreciating currency.
![<i>Inside Money :</i> Reserve Bank fights inflation, launches board game](/pf/resources/images/placeholders/placeholder_l.png?d=793)
<i>Inside Money :</i> Reserve Bank fights inflation, launches board game
Let's celebrate some of the lesser, under-appreciated duties of the Reserve Bank.