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.
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