Capital One (COF) stock price rises after Fed holds rates; Brex deal and credit-card cap risk in focus
Capital One shares rose 0.8% Wednesday to close near $218.89 after the Fed held rates steady at 3.50%-3.75%. The 10-year Treasury yield climbed to about 4.26% following the announcement. Investors are watching a proposed 10% cap on credit-card interest rates as lawmakers debate the measure in Washington.