06-18-26 Part One - A Steady Fed

In part one of Red Eye Radio with Gary McNamara and Eric Harley, the Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dominated Kevin Warsh’s first meeting as chairman of the central bank. The decision on Wednesday to maintain rates at a range of 3.5 percent to 3.75 percent for a fourth-straight meeting was supported by all 12 members of the Federal Open Market Committee. It was the first policy vote since June of last year that did not feature some form of opposition.

Also we respond to a listener's comment on X regarding our speculations contained in the MoU / audio from JD Vance on the Megyn Kelly Show about boots on the ground in Iran / Fans turn on comedian Nate Bargatze after spotting at White House UFC fight / Roger Clemens questions MLB's warning to Giants pitchers who wrote Bible verses on Pride Night hats / audio from President Trump on opening the Strait of Hormuz and allowing ballistic missiles in Iran / and an update on Gary's Dad who is failing health.

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