U.S. proposal to cap rates could slash bank revenues, curb economic growth
Move sparks backlash, support for Fed independence
Move ramps up Trump administration's targeting of independent agency
Also, the CBO projects that real GDP growth in the U.S. will rise to 2.2% in 2026
Forecasts revised up as stronger-than-expected Q3 data emerges
Operating environment unfavourable as risks, uncertainty, rise
Customers paid higher fees, got less interest on cash balances: FINRA
Industry has capital strength, liquidity to ride out economic headwinds
Rating agency sees an array of risks lurking under a placid surface
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation