The outlook for the U.S. economy can be characterized by three Rs: Resilience, areas of Restraint, and some Realignment. In this session, Visa's Principal U.S. Economist, Michael Brown, will examine current and future economic conditions through the lens of these three forces, sharing his team's latest forecasts for growth, the labor market, consumer spending, and the broader payments ecosystem.

Beyond the macroeconomic outlook, Michael will explore how these trends are shaping the next chapter of commerce and payments, including opportunities for payment acceptance across businesses of all sizes, the evolution of digital and AI-driven commerce experiences, and the growing demand for efficient commercial money movement. The session will also provide perspectives on the future path of interest rates and the potential impact on lending, business investment, consumers, and markets.