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US Federal Debt Outstanding vs US Bank Lending Interest Rate
US Federal Debt Outstanding and US Bank Lending Interest Rate correlate at r = -0.52 over 62 years (1960–2021), p < 0.0001. With the time trend removed, r = -0.52. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = -0.52). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.52
- p-value
- < 0.0001
- Years compared (n)
- 62 (1960–2021)
- 95% confidence interval
- -0.68 to -0.31
- Correlation with the time trend removed
- -0.52
Sources
- US Federal Debt Outstanding (USD): U.S. Treasury. Total US federal debt outstanding at the end of each fiscal year (U.S. Treasury Fiscal Data).
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
Related pairs
- US Renewable Energy Share vs US Federal Debt Outstanding (r = +0.99)
- US Wind Power Generation vs US Federal Debt Outstanding (r = +0.99)
- US Federal Debt Outstanding vs US GDP (current US$) (r = +0.97)
- US Federal Debt Outstanding vs US GDP per Capita (r = +0.95)
- Atmospheric Methane (global) vs US Federal Debt Outstanding (r = +0.95)
- US Natural Gas Consumption vs US Federal Debt Outstanding (r = +0.94)
Correlation does not imply causation. How the verdict is worked out.