Blurred vision…Federal Reserve President Jerome Powell cuts rates by 25bps for only the second time in a decade. However, the central bank takes a more hawkish stance than markets expected and fails to give clear direction on future policy, revealing increasing divisions on the board. President Trump once again slams the Fed for its opacity and ‘lack of guts’. Over in Japan, the BoJ keeps rates steady but suggests it may provide new stimulus measures next month. Saudi Arabian authorities display debris they say was found at the scene of last weekend’s attacks on Aramco, while on a visit to the kingdom, U.S. Secretary of State Mike Pompeo calls the incidents tantamount to an act of war.

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