Reported about 8 hours ago
The expected relief from Federal Reserve interest rate cuts has not materialized as anticipated, despite significant U.S. debt levels now exceeding $35 trillion. While initial cuts were designed to lower bond yields and reduce daily interest expenses, recent data indicates a rise in Treasury yields instead. Economic indicators and cautious Fed statements suggest further rate cuts may not happen quickly, leading to concerns about ongoing budget deficits and increasing federal costs associated with servicing the national debt.
Source: YAHOO