Trump announces 10 percent credit card cap
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Credit-fund managers see lessons in recent turmoil as they enter the new year during a period of tightening spreads.
Fed rate cuts could ease credit card and deposit rates, but auto loans and mortgages may stay high due to risk and long-term inflation expectations.
Trump proposes a 10% credit card interest cap to stop Americans being “ripped off”. Explained: how it works, potential savings, risks, bank backlash, and whether it truly reduces debt.