Fed Chair Powell says rates will fall, but 'over time,' adding that the FOMC "is not a committee that feels like it's in a hurry to cut rates quickly."
Visa handles more than 60% of debit card transactions in the U.S. and collects more than $7 billion annually in processing fees, a lucrative business that the DOJ alleges Visa protects through illegal, anticompetitive practices.
The average yield in the U.S. investment-grade and high-yield bond markets fell following the Fed's move, making borrowing more attractive for issuers.
Payment hubs can improve the treasury team's efficiency and visibility into payments activity. But achieving these objectives requires careful attention to configuration.
