WASHINGTON, D.C. – The Federal Reserve is anticipated to announce its first interest rate cut since December, aiming to address America’s slowing labor market. This announcement is expected after the Federal Reserve concludes its two-day policy meeting, which began Tuesday.

The Federal Reserve cited mounting signs of labor market weakness as a key reason for lowering borrowing costs for the first time in nine months. Additionally, there is a growing belief among central bankers that tariff inflation may be short-lived.

Meanwhile, credit scores are reportedly declining at the fastest rate since the Great Recession, according to FICO. This marks credit scores falling for the second consecutive year.

FICO found an increasing number of borrowers behind on credit and loan payments. The young

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