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Senators Propose 10% Cap On Interest Rates

A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money

A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.

Forbes · 1d

This Week In Credit Card News: Senators Propose 10% Cap On Interest Rates

Josh Hawley, Bernie Sanders Propose Capping Credit Card Interest Rates at 10% A new bipartisan bill introduced by a pair of senators would cap credit card interest rates in an effort to help consumers and fulfill one of President Donald Trump’s campaign promises.

USA Today · 2d

Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know

Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10%.

Jan. Jobs Report Keeps Rates on Pause

Forbes · 13h

Solid January Jobs Data Will Likely Keep Fed Interest Rate Cuts On Hold

The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed interest rate cut in March is now very unlikely.

Reuters on MSN · 13h

US job growth slows in January; unemployment rate at 4.0%

U.S. job growth slowed more than expected in January after robust gains in the prior two months, but a 4.0% unemployment rate probably will give the Federal Reserve cover to hold off cutting interest rates at least until June.

Kiplinger on MSN · 13h

January Jobs Report Keeps Rates on Pause: What the Experts Are Saying

Jobs growth slowed in January but a downtick in the unemployment rate, an uptick in wage growth and revisions to prior hiring figures should keep the Federal Reserve on hold when it comes to interest rates,

Bank of England cuts rates

BBC · 1d

Bank cuts interest rates and slashes growth forecast

Bank boss Andrew Bailey told the BBC it expected to cut rates further but warned the road ahead would be bumpy.

Reuters on MSN · 1d

Bank of England cuts rates and growth outlook, sees inflation 'bump'

The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.

ABC · 1d

Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates

Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates. 24/7 coverage of breaking news and live events

1don MSN

Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates

Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...

12hon MSN

Minneapolis Fed's Kashkari expects lower interest rates later this year

Minneapolis Federal Reserve President Neel Kashkari said Friday he expects to see interest rates lower this year if the ...

ECB's Centeno hopes key interest rate will drop to 2% sooner, not later

The European Central bank may need to cut interest rates below a neutral level to stimulate economic growth as inflation is ...

2don MSN

Savings, CD, and Checking Account Interest Rates Today: Earn Over 4% APY

Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...

21hon MSN

Could Tariffs Push Interest Rates Higher? Here's What It Means for Your Wallet

Tariffs don't directly cause interest rates to rise, but they might be part of the recipe. Learn if rates will go up, and ...

1don MSN

India cuts interest rates for the first time in five years

India's central bank has cut interest rates for the first time in nearly five years to counter slowing growth in Asia's third ...

13hon MSN

The US labor market isn't putting pressure on the Fed's plans to cut interest rates in 2025

The US labor market isn't showing signs of weakness that would prompt another interest rate cut from the Federal Reserve in ...

10hon MSN

Trump wants to close the carried interest tax loophole, a longtime target of Democrats

The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge ...

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Senators Propose 10% Cap On Interest Rates

Jan. Jobs Report Keeps Rates on Pause

Bank of England cuts rates

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