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US borrowing costs hit 19-year high as Fed holds interest rates

The Guardian World Thursday 30 July 2026, 08:54 UTC By Lauren Almeida 1 min read

Key Points

Bank’s chair pledges to keep up fight against inflation but decision brings fears the Fed is failing to keep paceUS government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation. The yield – or interest rate – on the 30-year US Treasury bond rose 14 basis points to nearly 5.24%, a 19-year high, after the Fed announced its decision...

Bank’s chair pledges to keep up fight against inflation but decision brings fears the Fed is failing to keep pace

US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation.

The yield – or interest rate – on the 30-year US Treasury bond rose 14 basis points to nearly 5.24%, a 19-year high, after the Fed announced its decision to hold its main rate at between 3.5% and 3.75% for the fifth meeting in a row.

US (LOCATION) Fed (ORG) Bank (ORG) the Federal Reserve (ORG) US Treasury (ORG)

Originally published by The Guardian World Read original →

US borrowing costs hit 19-year high as Fed holds interest rates

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