The Federal Reserve's meeting Wednesday, in which it cut interest rates by 25 basis points, had enough moving parts and side plots to fill a 10-episode Netflix series (with the customary lull during episodes 5-7). But the stock market came away confused. To clear things up, here are the main takeaways culled from conversations and research notes from experienced Fed watchers: Fed is likely to cut again in October, with December more of a question. Kevin Burgett, an economist at LH Meyer/Monetary Policy Analytics, predicted the Fed will cut rates by another quarter-percentage point in October. A rate cut in October ... (full story)