Long-term US interest rates could rise by more than 1.5 percentage points over the next 30 years because of the projected increase in national debt, a study by the Federal Reserve Bank of Dallas has found.
The paper, published on August 12, says the rise in debt is likely to be higher than the current projections by the Congressional Budget Office, which expects the figure to climb to 156% of GDP by 2055.
The authors – Michael Plante, Alexander Richter and Sarah Zubairy – say their findings
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