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Dimon warns credit card rate cap would be ‘disaster’
JPMorgan CEO Jamie Dimon says Trump’s proposed 10% credit card rate cap would slash access to credit and hurt consumers.
US consumer inflation increases steadily, but households paying more for food and rents
U.S. inflation rose in December as higher food and rent costs hit households, reinforcing expectations the Fed will hold rates.
Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries
After election losses tied to affordability concerns, Trump pivots messaging to emphasize tax cuts, lower drug prices and progress on fighting inflation.
US inflation stays elevated but prices rose less than feared last month
U.S. inflation hit 3% in September, led by higher gas and beef prices, as tariffs and rent costs shaped a mixed economic outlook.
The tariff-driven inflation that economists feared begins to emerge
WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump‘s sweeping tariffs push up the cost of everything from groceries and clothes to furniture and appliances. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% […]
