The Latest Breaking News from Interest Rates

President Donald Trump has joined calls to implement a 10% cap on credit card interest rates. But according to Wall Street veteran Bill Ackman, limiting interest rates would only backfire and make credit less accessible. He’s got a good point.

A proposed 10% cap on credit card interest could offer relief to some borrowers, but critics warn it may limit access to credit for others.

The proposal was a major topic this week during earnings calls.

March Nasdaq 100 E-Mini futures (NQH26) are trending up +0.59% this morning, signaling that a tech rally fueled by strong earnings from Taiwan Semiconductor Manufacturing Co., which revived optimism around AI, looks set to continue.

A new study reveals that while most Americans have savings accounts of various types, many are unaware of the interest rates they earn.

March S&P 500 E-Mini futures (ESH26) are up +0.37%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.74% this morning after Taiwan Semiconductor Manufacturing Co. renewed confidence in the sustainability of AI demand.

For 40 years, private equity enjoyed extraordinary returns thanks to falling rates and abundant credit. That's changed. What should PE firms and clients do now?

Upcoming data will give the Reserve Bank a better sense of whether higher interest rates are required to take the heat out of Australia's economy.

Bilt has announced an overhaul of its credit cards, introducing an 10% introductory interest rate for one year

The dollar index (DXY00 ) on Wednesday fell by -0.03%. The dollar finished slightly lower on Wednesday and was under pressure most of the day after the yen rallied on jawboning from Japanese government officials. The dollar still has some negative carryover from Monday, amid concerns over Fed independence, after...

US President Donald Trump has called for a one year cap on credit card interest rate charges at 10% – around half of the average current US rate – starting from January 20.