The Federal Reserve slashed the fed funds rate last month, and more cuts are likely on the way. The Federal Reserve wrapped up its most recent policy meeting on Sept. 18, and its Federal Open Market Committee (FOMC) decided to lower the federal funds rate (the rate commercial banks use when they borrow and lend to one another overnight) by 50 basis points. That was double the 25-basis-point adjustment the Fed normally uses, and it's likely to be a tailwind for the economy because it reduces borrowing costs ...