๐จ BREAKING: Trump Drops Another Friday Surprise โ Markets React ๐บ๐ธ๐ฅ
President Donald Trump announced late Friday a proposal to cap U.S. credit-card interest rates at 10% for one year, starting January 20, 2026.
๐ณ Why it matters:
โข Current credit-card APRs often exceed 20%+
โข Could sharply reduce interest costs for millions of Americans
โข Direct hit to bank & credit-card issuer profit margins
๐ Market Impact:
โข Financial stocks may face pressure
โข Consumer spending sentiment could improve
โข Big shift in U.S. consumer credit policy narrative
โ ๏ธ Still requires legal and regulatory pathways โ but Wall Street is paying attention.