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US banks in a sticky situation
Readers’ letters on the looming commercial real estate threat to the US economy; how the AUKUS deal may be taking us for a ride; the difference between decision-making and execution; and a regular correspondent’s call to arms.
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Despite the latest discussion on monetary policy decisions by RBA governor Michele Bullock focusing on a cautious and wait-and-see approach, US Federal Reserve chairman Jerome Powell seems to be turning more dovish given his latest remarks in his press conference after deciding to leave the Fed funds rate unchanged.
Federal Reserve chairman Jerome Powell: turning dovish. David Rowe
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