The latest report published by the US Congressional Budget Office (CBO) on Monday, warned of the US federal debt expansion, courtesy of the coronavirus fiscal response, and its impact on the economy. Key takeaways (via Xinhua) “Even after the effects of the 2020 coronavirus pandemic fade, deficits in coming decades are projected to be large by historical standards,” “The federal deficit to increase from 5 percent of US gross domestic product (GDP) in 2030 to 13 percent in 2050.” “High and rising federal debt makes the economy more vulnerable to rising interest rates and, depending on how that debt is financed, rising inflation.” US Dollar Index Price Analysis: DXY bulls catch a breather around six-week top FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD sidelined near 50-day SMA, focus on stocks FX Street 1 year The latest report published by the US Congressional Budget Office (CBO) on Monday, warned of the US federal debt expansion, courtesy of the coronavirus fiscal response, and its impact on the economy. Key takeaways (via Xinhua) "Even after the effects of the 2020 coronavirus pandemic fade, deficits in coming decades are projected to be large by historical standards," “The federal deficit to increase from 5 percent of US gross domestic product (GDP) in 2030 to 13 percent in 2050.” "High and rising federal debt makes the economy more vulnerable to rising interest rates and, depending on how that debt is… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
