How Federal Debt May Impact Banking
South State Correspondent
APRIL 4, 2024
Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges. By 2028, debt as a percentage of GDP will reach a historical high of 106% and will reach 200% by 2050. As interest rates rise and remain higher, the value of deposits will grow.
195 
Let's personalize your content