Published Sep 18, 2026, 1:10 PM ET · Updated 2 months ago · 1 source
Fed rate hike increases US debt burden and fuels inflation
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Original Report
The Federal Reserve's recent rate hike will add an estimated $25-30 billion to annual interest costs on the $11 trillion US debt that needs to be rolled over, while excessive government spending and ongoing supply shocks are fueling inflation, as evidenced by rising retail sales driven by consumers anticipating higher future prices and emerging fuel shortages.