As of 12 September, the U.S. treasury had paid $1.049 trillion in interest on the national debt this fiscal year, 30 percent more than last year at this time as the U.S. Federal Reserve has held interest rates at their highest for the last 14 months.
Posted job requisitions increased 7 percent during the first six months of 2024, year on year, while job applications rocketed up 31 percent, according to a study released last week by hiring website Workday.
Every eye on Wall Street is on how much the Federal Reserve will lower interest rates after its meeting tomorrow. Again, not “if” but how much! The guess on The Street, according to a CNBC Fed survey, is a 25-basis-point reduction.