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Markets Climb as Fed Shifts

Kevin Warsh’s Senate Banking Committee confirmation hearing for Federal Reserve Chair on April 21 placed the central bank’s upcoming leadership

April 2026 Monthly Bond Market Review

Recent economic data point to moderating growth alongside rising inflation pressures, as the U.S.-Israeli military campaign against Iran that began

Geopolitics Shape Markets, Fed Watch

Geopolitical headlines continue to materially impact market sentiment, and the latest news flow has been constructive. Israel and Lebanon agreed

March 2026 Monthly Bond Market Review

February economic data continued to reflect the measured disinflationary progression that has characterized conditions throughout the post-pandemic normalization cycle, with

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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