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."

Bookings for all durable goods—items meant to last at least three years—stalled on fewer orders for commercial aircraft.

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.