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Fed Drops Dot Plot, Markets Slip; Trump Seals Hormuz Deal

6/19/2026

27 6 Full Breakdown

Summary

Story summary

Federal Reserve (Fed) Chair Kevin Warsh led meeting, dropped the dot plot, and prompted stocks to fall Wednesday and Treasury yields to rise as Fed officials signaled a rate hike.
President Donald Trump signed a memorandum of understanding with President Masoud Pezeshkian to end the war, warning he may blame Vice President JD Vance if it fails.
Oil prices fell after the deal restored shipments through the Strait of Hormuz.

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Story summary

Federal Reserve (Fed) Chair Kevin Warsh led meeting, dropped the dot plot, and prompted stocks to fall Wednesday and Treasury yields to rise as Fed officials signaled a rate hike.
President Donald Trump signed a memorandum of understanding with President Masoud Pezeshkian to end the war, warning he may blame Vice President JD Vance if it fails.
Oil prices fell after the deal restored shipments through the Strait of Hormuz.