🌐 Western Asset (Franklin Templeton): June FOMC Recap — "It's Task Force Time"
Western Asset's recap of the June FOMC meeting notes the Fed under Chair Kevin Warsh held rates unchanged for a fourth straight meeting, with the Summary of Economic Projections hawkishly surprising as nearly half the Committee now sees possible 2026 rate hikes, and Warsh launching five new task forces covering Fed communications, balance sheet policy, data sources, productivity, and inflation frameworks.
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