Bank of America analysts estimate that every 100 basis points of Federal Reserve rate increases adds about $95 billion annually to the government's interest expense, as Treasury payments on the $40 trillion national debt topped $2 trillion in fiscal 2026.
Bank of America Says Each 1% Fed Rate Hike Adds $95 Billion a Year to U.S. Interest Costs
Bank of America analysts estimate that every 100 basis points of Federal Reserve rate increases adds about $95 billion annually to the government's interest expense, as Treasury payments on the $40 trillion national debt topped $2 trillion in fiscal 2026.
No wonder the White House wants Warsh to cut: A 1% Fed rate hike costs the Treasury an extra $95 billion a year in national debt interest · Public domain · rights
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