Michele Raneri, vice president of U.S. research and consulting at TransUnion, said that today's rate cut shows that the Federal Reserve continues to see positive signs on inflation and the broader economy after the last rate cut. Further rate cuts are expected into 2025, which will continue to stimulate consumer activity in credit markets, especially given that credit products have been sluggish in recent quarters. For example, continued rate cuts could start to depress mortgage loans that have ...