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From Fed tightening to Omicron in China: Risks mount for Asia’s private banks

iStock photo by Getty Images

For the first time in 25 years, Asia is happy to see the US Federal Reserve tap the monetary brakes. With US inflation at the highest in four decades, the rationale goes, it is about time Chair Jerome Powell’s team got into the game. But there are now two giant economic forces tightening in unison — and in ways that…

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