🚨 BREAKING ⚡ TRUMP DROPS FRIDAY NIGHT BOMBSHELL — AGAIN! 🇺🇸
Just when markets thought the weekend was safe… BOOM. Another late-night shocker from the White House. This time: Trump has called for a one-year cap on credit card interest rates at 10% starting Jan. 20, 2026 — a move that’s sending shockwaves through financial markets and banking circles. �
📌 Why this matters for markets & consumers:
• Huge cut to interest rates: Most credit card APR averages currently sit well above 20%, so a 10% cap — even for just a year — would be a major shift in consumer lending. �
• No enforcement plan yet: Trump announced the cap on social media — but details on how it would be implemented or enforced are still unclear, and it’s expected to require congressional or regulatory action. �
• Banks & lenders scrambling: Financial institutions are expected to react — either tightening credit, cutting rewards, or pushing back legally and politically. �
• Political & economic ripples: This late-week policy drop could mean volatility in financials, consumer lenders, and broader markets once trading resumes Monday.
🔥 Trump framed it as a fight against high borrowing costs — saying Americans were being “ripped off” with 20–30% rates — and tied it to affordability and his administration’s first anniversary. �
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