
The Average U.S. Credit Score Continues to Decline: What You Need to Know
Recent data show that the average credit score in the U.S. continues to decline, raising concerns among economists and financial analysts. This trend became evident following a study published this month, which revealed that the average credit score of Americans has dropped to 679. Although it still falls within the "good" range, this figure represents a 7-point decrease from the previous year, a significant deviation.
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Errors That Could Tank Your Credit Score
Maintaining a good credit score is a crucial task for most individuals, especially in a volatile economy. However, careless actions can severely harm your credit. Experts assert that certain mistakes can even destroy your chances of obtaining a loan or mortgage.
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Core US Inflation Eases for Fourth Month, Paving the Way for Fed Rate Cuts
Recent economic data indicates that core inflation in the United States has continued to decline for the fourth consecutive month. This development strengthens expectations of a potential reduction in the Federal Reserve's interest rates in the near future. The sustained trend of decreasing consumer goods prices suggests that inflationary pressures are beginning to abate, allowing economists and analysts to consider a softening of monetary policy.
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