The current gross U.S debt stands at $39 trillion, which experts say is not the real problem. Instead, its the current path Congress has taken of spending more than taking in which seems “not sustainable.”
All posts tagged US economy
US debt could rank among highest in G7 by 2030, IMF projects
The cost of borrowing is already choking crucial public spending across many developing economies. But now it is triggering wider concerns.
Failed Iran talks could complicate Fed rate outlook as oil-driven inflation rises
Interest rate cuts are no longer easy for the Fed. With ongoing Iran conflict and volatile oil markets, it may even consider rate hikes to ensure inflation remains stable.
U.S. inflation rises as oil prices surge: energy costs drive the March CPI spike
Rising oil prices are now feeding into U.S. inflation, with energy costs driving a sharp increase in headline CPI for March. As crude climbs above $100 per barrel amid Iran war tensions, the divergence between headline and core inflation is complicating the Federal Reserve’s path on interest rates.