Financial experts warn that Donald Trump’s proposal to cap credit card interest rates at 10 percent could harm entrepreneurs, with some Democrats also considering the idea. The potential impact of such a policy on entrepreneurs is a topic of concern, leading to questions about whether these proposals signal a shift towards socialist economic policies.
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The Motley Fool's Just-Released Report Shows U.S. Inflation Is at 2.7%. Here's How 2 Consumer Goods Staples Are Faring.
The U.S. Department of Labor reported a 2.7% year-over-year increase in the Consumer Price Index (CPI) for June, reflecting ongoing inflation concerns. Consumer staple companies, which provide essential goods, may benefit from their ability to pass on cost increases, though consumers are increasingly cautious about rising prices amid prolonged inflation. Want More Context? 🔎
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