US President Trump reiterates 10% credit card rate cap proposal for one year
President Trump's reiterated proposal for a 10% credit card rate cap could signal a shift in regulatory focus that may impact consumer spending and borrowing costs.
Saks Global reportedly nears a USD 1.75bln financing deal led by Pentwater and BraceBridge ahead of its imminent bankruptcy, according to reports
US President Trump says they will start hitting drug-runners by land
US President Trump reiterates 10% credit card rate cap proposal for one year
Senate Republican leader Thune says he hasn't seen the charges filed or brought upon Fed Chair Powell yet
CRUDE WRAP: WTI (G6) SETTLES USD 1.65 HIGHER AT 61.15/BBL; BRENT (H6) SETTLES USD 1.60 HIGHER AT 65.47/BBL
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- On housing, Trump says more affordability plans are coming in weeks. Will share housing policy details to be shared at Davos.
- Praises impact of the USD 200bln mortgage bond buy.
- Lowering mortgage rates would be easier if the Fed were helping. Says Powell will be out soon.
Coupled with his comments on housing affordability, this suggests potential changes in economic policy, which could have broader implications for the fiscal landscape and influence expectations around the Federal Reserve's actions, especially if he posits a need for intervention from them in monetary policy.
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