McDonald's (MCD) missed second-quarter earnings estimates, highlighting concerns about consumer spending. To discuss the state of the consumer, Silvio Tavares, CEO and President of VantageScore, joins Asking for a Trend.

Tavares observes that the economy "is definitely at an inflection point," although the average consumer "is doing well." He points out that the average VantageScore credit score in June was 702, with many consumers moving out of the middle range, either dropping to either lower scores or advancing to higher tiers.

"It's a mixed picture overall. Overall healthy but there's some segments that are starting to see some pain," he explained to Yahoo Finance.

Regarding potential Federal Reserve rate cuts, Tavares believes the economy remains too robust for the Fed to take action. He notes that resilient bank lending may discourage the Fed to initiate a rate cut.

"The economy is still quite hot, and what the Fed doesn't want to do is cut before they absolutely need to," Tavares told Yahoo Finance.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Angel Smith