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Trump Tariff Threat and Fed Rate Hike Calm Markets Ahead of BoJ Decision

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Global bond yields retreated on Thursday as the Federal Reserve's rate hike and vow to tame inflation calmed a pressured market. The Fed's move has traders looking ahead to Friday's key Bank of Japan decision.

President Donald Trump floated hitting goods imported from the European Union with fresh tariffs or even cutting off some trade if he determined that a push to make Canada a potential associate of the bloc was harmful to the US.

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