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Podcast: CoinDesk Podcast Network
Episode: Will the US Government’s $345B Deficit Impact Rates? | CoinDesk Daily
Description: The U.S. saw August deficit of $345 billion. How did gold and bitcoin react?
The US government posted a $345 billion deficit in August, with its revenue of $344B overshadowed by $689 billion in spending. The net interest at $93 billion highlights the growing pressure that rising borrowing costs are placing on federal finances. Will this have any impact on the upcoming Federal Reserve interest rate decision? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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