Chart of US federal funds rate, from 2007 to 2023, shows a steep rise starting in 2022.
https://files.mastodon.social/media_attachments/files/112/134/701/251/520/087/original/da53496bcd60a39d.png
About those interest payments. The underlying interest rate is the rate at which banks loan money to each other, set by the Fed.
That started rising, and rather steeply, in 2022, when we all started talking about inflation.
https://www.statista.com/chart/21023/us-federal-funds-target-rate/
GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.
All GNU social JP content and data are available under the Creative Commons Attribution 3.0 license.