Tag: Federal Reserve
RILA Calls for Federal Reserve to Adjust Interchange Rates to Reflect Actual Costs
Austen Jensen, Retail Industry Leaders Association executive vice president, government affairs, issued a statement ahead of the Federal Reserve’s meeting today where they will discuss lowering the interchange rate on debit transactions for all merchants.
NRF Says Full Effect of Federal Reserve’s Monetary Tightening Is Not Yet Visible
With the Federal Reserve continuing to increase interest rates to fight inflation, the NRF doesn’t expect a recession but said the forecast assumes gross domestic product growth will slow from nearly 3 percent in the second half of 2022 to 1 percent in 2023.