In its FOMC meeting, the Federal Reserve announced cutting the interest rate by 50 basis points. This is the first time in four years that the central bank has taken such an action. The interest rate is now 4.75%-5%, down from a more than two-decade high of 5.25%-5.5%. All the major indices — the S&P 500, Dow Jones Industrial Average and Nasdaq — declined yesterday. Despite the lowered rate, Cincinnati Financial Corporation (CINF) , W. R. Berkley Corporation (WRB) and AXIS Capital Holdings Limited (AXS) are ...