Getty Images; Jenny Chang-Rodriguez/BIThe Federal Reserve is expected to cut interest rates by 25 basis points on Thursday.It follows a 50-basis-point rate cut in September — the first cut in four years.The Fed forecasts another quarter-point rate cut in December, but it depends on upcoming data.The election isn't the only important event facing Americans this week.On Thursday, the Federal Open Market Committee will announce its next decision on interest rates, and it's likely to be another cut.