What will happen when the US’ soaring debt runs up against its inflation fight?

Quick Summary:

Doubts about the US government’s ability to manage its debt without stoking inflation are sparking the latest round of dire warnings about the risks to the global economy.

In any case, money market funds that buy much of the short-term US Treasury debt are already overstuffed with such securities.

The US government debt crunch has migrated into the short-term end of the market, where crisis can come about more quickly, than at the long end.

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Article Details

Author / Journalist: Anthony Rowley

Category: Business

Markets: Hong KongUnited States

Topics: Government Money Deficit June Budget Financial Global Market Inflation Federal Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-29 @ 16:30:09 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 1069 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21414807

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Official Website: scmp.com

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Publisher ID: #42

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