Headlines discussed at LNWM’s Monday morning briefing:

— With Greece verging on default, Eurozone leaders called a June 22 emergency summit.

— The Federal Reserve signaled it’s likely to raise interest rates by year-end, on a pickup in growth and a stronger jobs market, even though the Fed lowered its economic growth forecast for 2015 (1.8% to 2.0%).

— The House gave President Obama fast-track authority to negotiate a major Pacific trade pact.

— China’s central bank may launch its own “Operation Twist” — selling short-term debt and buying long-term bonds — to bring down stubbornly high long-term borrowing costs.

— Solid growth in Japan allowed the Bank of Japan to hold off on additional monetary stimulus.

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