U.S. Economic News
January 27, 2021
U.S. Economic Indicators
New orders of manufactured durable goods rose 0.2% in December after increasing 1.2% (revised) in November. Excluding transportation, new orders rose 0.7% after increasing 0.8% the month before. Census Bureau Report
U.S. News
Bloomberg reports that while the national debt for G7 countries has risen from 85% of GDP in 2005 to 140% today, the cost of servicing that debt has fallen from 2% to 1.5% of GDP. Governments worldwide spent vast sums in 2020 to combat the pandemic, including $3 trillion in asset purchases by the Fed alone; however, projections out to 2030 suggest that debt servicing is expected to remain manageable for many countries. Bloomberg