Headlines discussed at LNWM’s Monday morning briefing:

— The Federal Reserve opted to keep U.S. short-term interest rates near zero.
— Japan’s credit rating was lowered to AA- (from A+) by S&P, on weaker projected performance.
— Peru could soon be demoted to “frontier” market status, as trading volume there remains very low.
— U.S. consumer spending in August rose by 0.2%, slightly less than the expected 0.3%.
— Merger frenzy hit the beer world, with Anheuser-Busch InBev proposing to buy SABMiller.

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