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Higher interest rates start to look like the new normal

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Higher interest rates start to look like the new normal

The U.S. government paid its highest rate on 30-year Treasury bonds since 2001. Inflation and debt fears linger, but stocks and spending are going strong.

Man pays with a card in a cafe.
Consumer spending has held up despite consistently elevated inflation.Maria Korneeva / Getty Images
By Steve Kopack

The U.S. government on Thursday sold debt at its highest interest rate in 25 years, reflecting worries about inflation, global debt and the borrowing spree that’s funding the buildout of AI data centers.

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Original source: https://www.nbcnews.com/business

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