Market Watch: Why the 'Abnormally Large' U.S. Deficit is a Worry 'Big Time' for Stocks and Bonds, Says Yardeni
Article by Christine Idzelis in Market Watch
The ballooning U.S. federal deficit is “worrying investors big time,” including about the bond market’s ability to finance the shortfall at current interest rates, according to Yardeni Research.
The federal deficit has swelled to $2.3 trillion on a 12-month sum basis through July, analysts at Yardeni Research said in a note Monday. That’s after narrowing to a recent low of $1 trillion through July 2022, from a record ......