Federal Reserve's rate cuts fail to reduce US interest expenses amid rising debt and economic indicators.
The Federal Reserve's recent rate cuts have not alleviated interest expenses for the U.S., which stands at $35.3 trillion in debt with daily interest costs of $3 billion. Despite expectations of relief, fears of rate hikes and rising economic indicators have caused Treasury yields to increase, complicating debt auctions amid budget deficits. Future presidential policies may further exacerbate these deficits, negating potential benefits from lower rates.
October 13, 2024
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