BUZZ-Credit bureaus gain after Powell spurs rate cut bets
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Shares of credit bureaus climb after Federal Reserve Chair Jerome Powell signals possible rate cut in SeptemberTransUnionjumps 5.5%, while Equifaxrises 4.4%A rate cut can result in an uptick in loan demand, boosting credit reporting agencies that lenders rely on to assess customer creditworthiness before approving loansCredit scoring giant Fair Isaac, better known as FICO, rises 4.7%As of last close, TRU and EFX down 6.7% and 3.7%, respectively, YTD, while FICO down 31.6%
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