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Today, the Federal Reserve raised its target for the federal funds rate by 25 basis points, the first increase in seven years. This move seems to have begun a gradual process of bringing interest rates back up to more normal levels. The Peterson Foundation research team has prepared a detailed analysis of the impact of this action on America's long-term national debt.
Click here to read the full analysis, "Higher Interest Rates Will Raise Interest Costs on the National Debt," which includes deeper details and charts.