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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 · 18h

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 · 18h

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 · 19h

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,

India's central bank to cut rates to boost economy

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

Indian banks needs more than a rate cut to boost lending, bankers say

The Reserve Bank of India's (RBI) first interest rate cut in nearly five years will not be enough to spur loan growth since the tight liquidity conditions will prevent banks from passing on the benefits,

NBC New York · 1d

India's central bank cuts rates for the first time in nearly five years, forecasts faster growth next year

The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank forecast real GDP growth for next fiscal year at 6.

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 ...

17hon 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 ...

1don 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 ...

9don MSN

Is the Fed interest rate pause good for mortgage rates?

It's important to understand that the Fed's decision to pause rate cuts will not directly impact mortgage rates. Mortgage ...

18hon 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 ...

16h

‘Absolute rollercoaster’: Huge interest rates prediction revealed as RBA decision looms

ANALYSISSince the Reserve Bank of Australia first started raising interest rates in May 2022, it has been an absolute ...

15hon 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

India's central bank to cut rates to boost economy

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