09/22/2025
Keeping You in the Know
Markets:
Thursday was the first time since November 2021 that all four major market indices closed at new all-time highs simultaneously, a rare occurrence that has happened fewer than two dozen days each century.
Banking:
“The Federal Reserve cut interest rates by a quarter percentage point Wednesday, its first reduction of 2025” reports yahoo finance;
UK, EU, and Bank of Japan hold rates firm with no change; and,
Hong Kong, the UAE, other Gulf States follow the US with decreases of 25 basis points.
Insurance:
Meanwhile, despite early expectation of a record Hurricane system, not a single named storm has formed in the Atlantic Ocean in nearly three weeks, even though it’s the peak of hurricane season.
“Where the heck are the Atlantic hashtag ?” Philip Klotzbach, a meteorologist at Colorado State University, wrote recently on X. https://lnkd.in/e8piAAkB
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https://finance.yahoo.com/news/federal-reserve-cuts-interest-rates-for-first-time-this-year-sees-2-more-cuts-in-2025-180107133.html
The Fed trimmed its benchmark interest rate by a quarter percentage point on Wednesday, its first reduction of 2025.
