According to online reports, Michele Raneri, vice president of U.S. research and consulting at TransUnion, said today's interest rate cut shows that after the last rate cut, the Fed continues to see positive signs in terms of inflation and the overall economy. It is expected that further interest rates will be cut in 2025, which will continue to stimulate consumer activity in the credit market, especially considering that credit products have been sluggish in recent quarters. For example, continued interest rate cuts could begin to drive down always-high mortgage rates, help inspire more potential homebuyers who are hesitant about relatively high mortgage rates, and could also begin to stimulate the refinancing market, especially those who have recently received mortgages at higher rates. Similar movements may occur in the auto refinancing market in the coming months.