[Analyst: Rate cut policy promotes improvement in the U.S. domestic economy] Golden Finance reported that Michele Raneri, vice president of TransUnion's U.S. research and consulting department, said that today's rate cut shows that the Federal Reserve continues to see positive signs in inflation and the overall economy after the last rate cut. Further rate cuts are expected 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 rate cuts may begin to lower mortgage rates, which have remained high, helping to motivate more potential homebuyers who have been hesitant due to relatively high mortgage rates, and may also begin to stimulate the refinancing market, especially those borrowers who have recently obtained mortgages at higher interest rates. Similar trends may also occur in the auto refinancing market in the coming months.