#美国非农就业数据未达市场预期 Friday night brings another bold move — Trump suddenly announces credit card interest rates to be forcibly capped at 10%
Just as Friday evening arrived, Trump stated his position on capping credit card interest rates at 10%, with implementation beginning next January. Banks currently enjoy interest rate spreads of 20%-30%, so this is getting serious.
The issue is, this isn't a suggestion or proposal, but a concrete executive action. If pursued directly without going through Congress, this would be unprecedented in the U.S. financial system. With the announcement released outside trading hours, financial institutions and major banks are certainly on edge.
Interestingly, this is already the second time he's made a major move after Friday's market close. The last time involved significant adjustments to energy trade. With frequent moves during non-trading hours, there's clearly a deliberate strategy behind this.
From a practical perspective, consumers' interest expenses could indeed decrease, but financial institutions may offset this through tightening credit approval standards, which could impact liquidity in risk assets. For investors reliant on credit financing, this directly affects financing costs and market sentiment. Some arbitrage opportunities may be compressed, and market risk premiums will adjust accordingly.
Why specifically Friday evening? From a trading strategy perspective, policy signals outside trading hours typically maximize market reaction space. The timing choice of such decisions itself sends a signal: there's a deeper combination of measures brewing. Financial markets and crypto asset markets have always maintained tight correlations with macro policies, and such policy changes ultimately transmit to risk asset pricing. Stay alert and monitor subsequent policy developments.
#美国非农就业数据未达市场预期 Friday night brings another bold move — Trump suddenly announces credit card interest rates to be forcibly capped at 10%
Just as Friday evening arrived, Trump stated his position on capping credit card interest rates at 10%, with implementation beginning next January. Banks currently enjoy interest rate spreads of 20%-30%, so this is getting serious.
The issue is, this isn't a suggestion or proposal, but a concrete executive action. If pursued directly without going through Congress, this would be unprecedented in the U.S. financial system. With the announcement released outside trading hours, financial institutions and major banks are certainly on edge.
Interestingly, this is already the second time he's made a major move after Friday's market close. The last time involved significant adjustments to energy trade. With frequent moves during non-trading hours, there's clearly a deliberate strategy behind this.
From a practical perspective, consumers' interest expenses could indeed decrease, but financial institutions may offset this through tightening credit approval standards, which could impact liquidity in risk assets. For investors reliant on credit financing, this directly affects financing costs and market sentiment. Some arbitrage opportunities may be compressed, and market risk premiums will adjust accordingly.
Why specifically Friday evening? From a trading strategy perspective, policy signals outside trading hours typically maximize market reaction space. The timing choice of such decisions itself sends a signal: there's a deeper combination of measures brewing. Financial markets and crypto asset markets have always maintained tight correlations with macro policies, and such policy changes ultimately transmit to risk asset pricing. Stay alert and monitor subsequent policy developments.