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September 2, 2021

In response to the pandemic, the Treasury has issued more than $6 trillion in additional sovereign debt, sending the U.S. national debt skyrocketing by over 25%. Most of that issuance was absorbed by the Federal Reserve, in an effort to keep a lid on long-end interest rates. What will be the impact on the economy when the Fed starts the inevitable? Presented by @CME Group:

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