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EMERGING MARKETS: Global News: September 20

EMERGING MARKETS
  • US – Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable. The former president appeared to then level criticism at Fed Chairman Jerome Powell, saying he “missed the inflation.”
  • ISRAEL (MNI) – Israel carried out extensive air strikes across southern Lebanon on Thursday, stepping up hostilities after it declared a “new phase” of war against militant group Hezbollah in the area. The Israel Defence Forces said it hit 100 sites where the Iran-backed militant group could launch attacks “in the immediate future.” Lebanon’s state media said 52 strikes were carried out on four areas. There were no immediate reports of casualties.
  • ECB (MNI) – The ECB has left "the door totally open" for a potential interest rate cut at its October meeting, ECB Vice President Luis de Guindos said in an interview with Expresso on Friday. However, he noted that while the ECB remains flexible, it will have more data and fresh projections by the time of the December meeting, but any decision will depend on how the economic data evolves.
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  • US – Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable. The former president appeared to then level criticism at Fed Chairman Jerome Powell, saying he “missed the inflation.”
  • ISRAEL (MNI) – Israel carried out extensive air strikes across southern Lebanon on Thursday, stepping up hostilities after it declared a “new phase” of war against militant group Hezbollah in the area. The Israel Defence Forces said it hit 100 sites where the Iran-backed militant group could launch attacks “in the immediate future.” Lebanon’s state media said 52 strikes were carried out on four areas. There were no immediate reports of casualties.
  • ECB (MNI) – The ECB has left "the door totally open" for a potential interest rate cut at its October meeting, ECB Vice President Luis de Guindos said in an interview with Expresso on Friday. However, he noted that while the ECB remains flexible, it will have more data and fresh projections by the time of the December meeting, but any decision will depend on how the economic data evolves.