Fed rate cuts were supposed to help ease U.S. debt costs, but it’s not looking good so far
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Last fiscal year, the interest expense on U.S. debt was $950 billion, up 35% from the prior due mostly to higher rates.
Fed rate cuts were supposed to help ease U.S. debt costs, but it’s not looking good so far
?w=2048
Last fiscal year, the interest expense on U.S. debt was $950 billion, up 35% from the prior due mostly to higher rates.
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