The Federal Reserve made a quarter-point cut to interest rates  Wednesday afternoon. It’s the first cut in 2025, with more on the horizon before the end of the year.

Policymakers from the Fed voted 11-to-1. Only President Donald Trump’s newly-installed Governor Stephen Miran voted against the quarter-point move, instead advocating for a bolder half-point cut.

Economists are concerned about the direction of the economy stemming from August’s rising consumer prices, a slowing job market and inflation.

But the newly released FICO® Score Credit Insights report shows affordability as a key concern for consumers.

KSTV’s Sydney Brown has the full story.