Where to put your cash to work before the Fed cuts rates again

With cash yields set to fall as the Federal Reserve cuts interest rates, investors may want to consider putting some of that money to work elsewhere. Americans are still flooding into money market funds, despite the the Federal Reserve's latest campaign to lower borrowing costs. Total assets in the cash-like funds reached a record $7.4 trillion in the week ended Wednesday, Oct. 22, according to the Investment Company Institute . How much money market funds pay follows the Fed's monetary policy, which means the annual percentage yield (APY) is expected to drift lower as the central bank continues easing rates. The Fed meets on Tuesday and Wednesday and the market is pricing in nearly 97% odds that it lowers the federal funds rate by 25 basis points, or 0.25 percentage point, to a range of 3