Recent Posts

Oil Spike, Fed Meeting Ahead

The conflict with Iran remained the primary driver of market sentiment this week. Oil prices spiked as global supplies remained

Markets Face Tariffs

Trade policy uncertainty continued to shape financial markets this week as replacement tariffs under Section 122 of the Trade Act

Economic Data Signals Resilience

There was a plethora of economic data releases this week with most indicating the resilient economic backdrop remains in place.

January 2026 Bond Market Review

December economic data signaled moderating inflation alongside a continued rebalancing in labor market conditions, with price pressures still running modestly

The US National Debt: History and Impact of Budget Deficits

As of September 30, 2024, the U.S. population is 337.2 million, and the national debt has reached $35.3 trillion, or about $104,676 per person. The U.S. government borrows money to cover budget deficits by issuing Treasury securities, which impacts both the federal budget and the bond market, with interest payments on the debt expected to exceed $1 trillion in 2024. The growing debt, fueled by crises, spending programs, and rising interest rates, poses challenges for fiscal sustainability, with the national debt projected to exceed $56 trillion by 2034. Local agencies may face consequences from rising federal debt, including reduced funding and higher borrowing costs, underscoring the need for prudent fiscal management at all levels of government.

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