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The interest rate snowball is getting bigger and bigger! If the Federal Reserve raises interest rates by 75 basis points this year, US interest payments will increase by $50 billion annually.

The interest rate snowball is getting bigger and bigger! If the Federal Reserve raises interest rates by 75 basis points this year, US interest payments will increase by $50 billion annually.

The U.S. fiscal situation is facing a severe test from the dual pressures of interest rates and debt. With the Federal Reserve expected to raise interest rates again this year, coupled with the U.S. national debt surpassing $40 trillion for the first time, the spiraling increase in interest
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