Market 09/18: FED Cuts 0.5% Declares Victory Over Inflation

Key highlights:

• Historic decision: FED cuts interest rates 0.5%

• Powell: Has won the inflation battle, needs to focus on the economy

• August housing starts surge ahead of FED cut

• Oil demand steady - inventories continue to decline

• Atlanta FED forecasts Q3 GDP growth 2.9%

• Israel continues campaign to detonate electronic devices

• Market happily receives FED decision