Per Forbes:
"We’ve raised the interest-rate forecast," Yellen told Bloomberg on the sidelines of a Group of Seven meeting for finance ministers and central bank governors in Italy. "That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control."
So they're projecting another raise?
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This the the Treasury is raising the forecast for the interest they have to pay on the debt. Theyve been arguably very optimistic and are now being forced to reconsider as interest rates remain higher for longer
Ohhh OK gotcha
