Following its meeting on Wednesday, July 31, the US Federal Reserve (FRS) kept the base rate at 5.25-5.5%. This is stated here Press release on the regulator’s website.
“The FOMC decided to keep the target range for the federal funds rate at 5.25-5.5 percent,” the statement said.
Shai Akabas, previously the managing director of the economic policy program at the American Bipartisan Policy Center statedThe record-breaking increase in the US budget deficit is driven by two factors: social spending and spending to service the public debt. Over the past nine years, the number of older Americans in the United States has increased significantly, and social spending has increased accordingly. Akabas noted that 59 million people received aid in 2015 and 67 million in 2024.
The IMF had previously given a negative rating. to guess For US government bonds.