It’s not a deep slice, more like a scratch. Interest rate cuts are something many Americans have long advocated for, especially President Donald Trump, and economists say they may open up new opportunities in the bond, housing and job markets. On Wednesday, nearly a year after the Federal Reserve last lowered rates, the central bank approved another 25 basis-point reduction, prompted partly by weak July and August jobs reports. The effective federal funds rate now sits between 4% and 4.25%, but advisors s ...