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Title : US Fed Rate-Hikes Are Adding Trillions To The National Debt
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US Fed Rate-Hikes Are Adding Trillions To The National Debt

Yahoo Money: Fed rate hike could add $2.1 trillion to federal deficits, analysis finds 

The Federal Reserve hiked interest rates by 0.75% on Wednesday, making an aggressive move to tame inflation that could have other side effects — including a possible recession. 

The rate increase could also explode federal deficits even further in the years ahead. A new analysis from the budget hawks at The Committee for a Responsible Federal Budget (CRFB) predicts this week’s rate hike alone will add $2.1 trillion to government deficits over the next decade. 

That’s on top of a series of hikes we’ve already seen this year that are already set to add trillions more to the deficit in coming years. The central bank concluded its two-day policy meeting Wednesday by suggesting it could hike rates further in the months ahead.  

Read more ....  

Update #1: Another jumbo Fed rate hike poised to add $2.1T to national debt, CRFB says (FOX News)  

Update #2: Expected Interest Rate Hike Will Add $2 Trillion to the Deficit (Reason)  

WNU editor: The biggest loser with this interest rate increase is the US Federal Government. With $31 trillion in debt, every 1% increase in the Fed rate adds $300 billion in interest costs. 

So far in fiscal 2022, where interest have been low for the most part, the US Treasury has already spent $471 billion to just pay-off the government's interest payments. 

And it is going to get worse, as Fed Chairman Powell has already indicated .... WRAPUP 6-Fed delivers another big rate hike; Powell vows to 'keep at it' (Reuters).

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