Here are some of the top issues in global finance you want to be aware of:
The US economy (GDP) fell for the second consecutive quarter (recession anyone?). The continued global supply chain issues and record high inflation isn’t helping.
The U.S. Senate is going after credit card fees. If you run (or have run) any kind of business that accepts credit card payments, you’ll be aware of the sky-high transaction fees the major credit cards (Visa, Mastercard) and issuing banks charge leaving very little for the merchant.
The bill being considered is meant to spur more competition when it comes to credit card processing networks and supposedly lead to more competitive fees for merchants.
The European Central Bank (ECB) is willing to accept a “moderate” recession as it considers more rate hikes to bring down inflation.
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