Here's your summary from Bloomberg: The Asia Trade 6/13/2024 (https://www.youtube.com/watch?v=em263HEGcOA) on the Bloomberg Television channel:
**TLDR:** The video discusses the Federal Reserve's decision to keep rates unchanged, China's response to extra tariffs on electric vehicles, and expectations for the Bank of Japan meeting.
**Key Points:**
1. The Federal Reserve decided to keep rates unchanged, with one rate cut expected this year and four in 2025.
2. China's Commerce Ministry criticized the EU's move to stop extra tariffs on electric vehicles, impacting Xi Jinping's pivot to new productive forces.
3. Investors are awaiting the Bank of Japan meeting, where a possible rate hike in July and slowing pace of bond buying will be considered.
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