Trump Proposes Legal Cap on Credit Card Interest Rates at 10%
- Interest Rate Cap Proposal: Trump announced during a campaign speech that if re-elected on January 20, 2025, he would impose a legal cap of 10% on credit card interest rates, targeting current rates exceeding 25% to protect burdened middle-class Americans.
- Debt Pressure Response: With U.S. credit card debt surpassing $1 trillion, Trump's proposal aims to resonate with voters facing high debt, potentially gaining bipartisan support and enhancing his political influence.
- Industry Reaction Anticipated: Financial institutions and credit card companies are expected to oppose this proposal, citing concerns over profit margins and risk assessment, while legal analysts note that implementing such a cap may require new legislation.
- Regulatory Change Signal: Trump's warning indicates that if he returns to power, the credit card industry could face significant regulatory changes, with this populist economic proposal aimed at energizing his political base ahead of the 2024 election.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.511 | 2.266 | 3.091 | 3.846 | 4.671 | 5.426 | 6.251 |
| Fibonacci | 2.266 | 2.869 | 3.242 | 3.846 | 4.449 | 4.822 | 5.426 |
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