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How Fed’s war on inflation could torpedo private bankers’ 2023

Photo by Jp Valery on Unsplash

It speaks volumes about the state of the global economy that the US Federal Reserve raising interest rates by ‘only’ 75 bps is reason for optimism. Worries that Fed chair Jerome Powell’s team might add a full percentage point to US borrowing costs on Wednesday proved unwarranted. Yet Asia’s private bankers will now obsess over the Fed’s next policy meeting…

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