Fortune on Nostr: Fed rate cuts were supposed to help ease U.S. debt costs, but it’s not looking good ...

Fed rate cuts were supposed to help ease U.S. debt costs, but it’s not looking good so far



Last fiscal year, the interest expense on U.S. debt was $950 billion, up 35% from the prior due mostly to higher rates.

https://fortune.com/2024/10/13/us-debt-interest-expense-fed-rate-cuts-budget-deficits-treasury-bond-yields/