Credit where credit's due
JPMorgan warns President Trump’s proposed cap on credit card rates would hurt consumers as its shares sink on earnings. Investors digest softer U.S. core inflation even as rising food and energy costs keep pressure on the Fed. Plus, China’s record trade surplus is reshaping global flows.
Today’s recommended read: Trump's mortgage foray at odds with aggravating Treasuries by Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest
Produced by Eliza Davis Beard and Ethan Plotkin
Sound engineering and music by Sebastian and Josh Sommer
Visit…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.