How to generate income into year-end with Fed lowering rates

With the Federal Reserve announcing another rate cut on Wednesday, investors may be looking for fresh income opportunities. The Federal Open Market Committee said it was slashing the federal funds rate by 25 basis points, or a quarter percentage point. Yields on short-dated assets, like money market funds and Treasury bills, are expected to follow. "If you're still sitting in a lot of cash, extending duration now makes sense, because that reinvestment risk looks to be greater than the duration risk at the moment in the markets," said Kathy Jones, chief fixed income strategist at Schwab Center for Financial Research. That said, you don't want to chase higher-yielding assets simply to bring in more income. "Don't just blindly extend out your risk," said Michael Hans, chief investment officer