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

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Produced by Eliza Davis Beard and Ethan Plotkin

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