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The US government ran a massive $248.5 billion deficit in November, according to the latest Monthly Treasury Statement. There was only one month in fiscal 2022 with a bigger budget shortfall. This is bad news for the Federal Reserve as it tries to cut interest rates and shrink its balance sheet to fight price inflation. […]
The post US Government Runs Another Massive Budget Deficit; This Is Bad News for the Fed Inflation Fight first appeared on SchiffGold.