According to @KobeissiLetter, the Federal Reserve is set to cut rates on Wednesday for the first time in 2025, attributing the move to a weak labor market, and notes this would be only the third year since 1996 that cuts occur while the S&P 500 is at record highs; the post introduces a thread on what happens next for markets. Source: The Kobeissi Letter on X, Sep 13, 2025.