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The committee reviewed market conditions and the OPEB trust’s investment strategy, including a Morgan Stanley forecast for two federal rate cuts in 2026. Members also agreed to edit investment-advisory sections of the BET Reference Book offline and seek approval at the May meeting.
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The meeting focused on how the town’s retiree-benefit trust is invested and how market conditions could affect those investments. Morgan Stanley representatives forecast two federal rate cuts in 2026 and 17% growth in S&P 500 earnings, but the minutes do not document a change to the portfolio. The committee also began updating its reference materials for later review.
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