U.S. Economy

How credit card swipe fees are affecting shoppers

Industry experts say credit card swipe fees are taking a chunk out of Americans' spending power. But Electronic Payments Coalition claimed these processing costs are among the lowest.

Cyber Monday spending hits record $13.3B

Consumers spent more than $13 billion online during Cyber Monday, according to Adobe Analytics data, surpassing expectations. The figure was over 7% higher than the prior year.

Fed's Goolsbee makes case for lower interest rates

Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.