Act now for a better credit card interest rate instead of waiting for Trump’s 10% limit or Fed cuts.
Trump Proposes Credit Card Interest Rate Cap Amid Mixed Reactions Last week, President Trump reiterated his push for a temporary cap on credit card interest rates. He argues that this could assist numerous Americans in saving for home ownership. In a speech at the World Economic Forum in Davos, Switzerland, he stated, “I’m asking Congress […]
Bank of America and Citigroup might introduce credit cards with a 10% interest rate to win over Trump, according to a report.
Credit Card Interest Rates Considered by Major Banks Bank of America and Citigroup are reportedly mulling over the idea of credit cards with interest rates set at 10%. This comes after President Trump recently suggested a one-year cap at that rate. According to a source familiar with the situation, the banks are contemplating this separately. […]
Preferred inflation measure rises, impacting expectations for rate cuts
Inflation Measure Increases in November In November, the inflation measure recommended by the Federal Reserve saw an increase, indicating that while consumer spending remains robust, prices are still elevated. The Department of Commerce reported that consumer prices rose by 2.8% compared to November of the previous year, up slightly from October’s annual rate of 2.7%. […]
Murders in the US reach the lowest rate since 1900, new data reveals a national trend
Crime Rates Drop in DC Post-Trump’s Policies Chad Bianco, the sheriff of Riverside County in California and a gubernatorial candidate, recently shared his insights on “Fox & Friends Weekend” regarding the shift in crime rates since President Trump’s administration. This discussion comes amidst Democratic leaders resisting Trump’s strict crime measures, particularly in relation to defunding […]
Murder Rate in the US Drops to Lowest Point in More Than a Century, Report Reveals
U.S. Homicide Rate at Historic Low in 2025 A recent report indicates that the homicide rate in the U.S. has dropped to its lowest level in over a century. The average homicide rate across 35 major U.S. cities is expected to decrease by 21% in 2025, marking the largest single-year decline ever, and likely the […]
Business Inflation Expectations Decline Again, Strengthening Trump’s Argument for Rate Reductions
Federal Reserve officials are feeling more pressure to rethink their interest rate approach, especially after recent surveys indicate that businesses anticipate costs to rise at the slowest rate since the pandemic began. At the same time, the Trump administration is highlighting this data in its push to lower borrowing costs. On Wednesday, the Atlanta Fed […]
Is your credit card company obligated to limit its interest rate to 10%?
Trump Proposes 10% Cap on Credit Card Interest Rates In light of growing voter worries about the economy and the cost of living, former President Donald Trump has proposed a policy that would limit credit card interest rates to 10% for a year. On January 10, he shared a post on Truth Social stating, “As […]
Saudi banks are borrowing from overseas at an unprecedented rate.
Saudi banks are currently restructuring their finances and seeking international loans at an unprecedented rate after years of robust economic growth in the kingdom. According to Fitch Ratings, it’s anticipated that these financial institutions will borrow around $33 billion in 2025, which is nearly three times the record $10.5 billion borrowed the previous year. “We […]
Citi warns of three potential BOJ interest rate increases in 2026 if the yen continues to weaken. Keep an eye on USD/JPY 160.
Citi Warns of Potential Bank of Japan Rate Hikes Amid Yen Weakness Citi has issued a caution that if the yen keeps declining, the Bank of Japan may increase interest rates for a third time. The firm emphasizes that the USD/JPY exchange rate is pivotal to the Bank of Japan’s decision-making process, suggesting that a […]
China Experiences Lowest Birth Rate Since 1949 Revolution
On Monday, China’s government unveiled alarming demographic statistics, indicating that the birth rate has plummeted to its lowest point since the 1949 communist revolution. Despite substantial efforts over the years to encourage more couples to have children, the population continues to decline. By the close of 2025, estimates suggest China’s population will stand at 1.4 […]