This week, Donald Trump announced a controversial cap on credit card interest rates at 10%, stirring debate among lawmakers and financial experts. While it aims to protect consumers from high rates, critics warn it could lead to reduced credit availability.
Bill Ackman warns that Trump's proposed 10% cap on credit card interest rates could backfire, leading to millions losing access to credit cards. He suggests that improving competition is a better solution.
The U.S. labor market ended 2025 on a disappointing note, with job creation in December falling short of expectations. Despite a drop in the unemployment rate, experts warn of a hiring recession amidst mixed signals from the economy.
In a surprising twist, Donald Trump and Jerome Powell find common ground on economic issues, addressing inflation and job growth. As Trump battles for voter support, Powell's clarity on policies may offer him the ally he needs.
Asian stocks experienced a rise driven by optimism from the U.S.-China trade truce and increased AI spending. However, uncertainty looms over the longevity of the truce as investors reassess their strategies.
Treasury Secretary Scott Bessent warns that parts of the economy are already in recession and more could follow without interest rate cuts. The Fed's recent decisions and the looming government shutdown add to the uncertainty.
In a surprising turn, mortgage rates have climbed 20 basis points following the Federal Reserve's recent interest rate cut. Discover why the bond market reacted negatively and what this means for homebuyers and refinancers.
In a surprising move, the Federal Reserve has cut its key interest rate for the second time this year, aiming to boost economic growth and hiring amid ongoing inflation concerns. Fed Chair Jerome Powell warns that future cuts aren't guaranteed as the government shutdown complicates economic reporting.
The Federal Reserve has approved its second consecutive interest rate cut, but Chair Jerome Powell's uncertain comments about future reductions have rattled markets. With inflation still above target, what does this mean for consumers and the economy?
The Federal Reserve's recent decision to lower interest rates below 4% has ignited a fierce debate among officials, highlighting economic challenges and potential risks as the government shutdown looms.